An improvement in a firm's technology that improves productivity results in a(n):
a. leftward shift of the supply curve.
b. upward movement along the supply curve.
c. willingness to supply a larger quantity than before at any given price.
d. downward movement along the supply curve.
c
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Speculative bubbles may arise in part because the value of the stock to a stockholder depends on the final sale price
a. True b. False Indicate whether the statement is true or false
Refer to the table shown. If total output is 41, level of employment is:Number of workersMarginal product of workers1527384105116775839010?1
A. 4. B. 5. C. 6. D. 7.
One surprising insight from viewing policy as a "game" is that
A) central bankers should project an image of being conservative on economic policy matters, regardless of their personal views. B) it is more difficult to control inflation when the central bank is highly independent. C) uncertainty over the impact of policy makes little difference in designing an optimal policy. D) money growth has little or no impact on inflation in the long run. E) decreasing money growth may substantially increase the rate of inflation in the long run.
If the demand for movie tickets is elastic, then
A. Ed > 1. B. Ed = 1. C. Ed = 0. D. Ed < 1.