Moving along the aggregate supply curve,

A) the quantity of capital used increases.
B) technology advances.
C) the stock of human capital increases.
D) only the price level changes.
E) the real wage rate is constant.


D

Economics

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The GDP deflator measures

A) the quality of the goods and services in GDP. B) the quantity level. C) nominal GDP. D) real GDP. E) the price level.

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Refer to Table 9-12. With trade, what is the total gain in sword production?

A) 40 B) 60 C) 100 D) 200

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In the short run, a tax on economic profits can be shifted.

A. True B. False C. Uncertain

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A firm's demand for labor is downward sloping because of

A) diminishing marginal productivity of labor. B) diminishing marginal utility. C) price pressure. D) workers' increased willingness to work at a higher wage.

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