Albert and Betty hire Christine and David to play music at their wedding. Elizabeth, who lives behind the church, cannot study because of the loud music. The third party is
a. Albert
b. Betty
c. Christine
d. David
e. Elizabeth
E
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The aggregate demand curve is Y = 75 - 3?, and the short-run aggregate supply curve is ? = 6.2 + 0.8(Y - 70). Assuming adaptive expectations, calculate the inflation rate and output for the next period
What will be an ideal response?
Refer to the figure below. The socially optimal quantity in this market is ________ units per day.
A. T B. W C. V D. U
Which of the following will decrease the demand for fast-food burger workers' labor?
A. More people start working two jobs and eat more fast food. B. The price of pizza, a substitute for burgers, decreases. C. A new technology allows burgers to be produced faster. D. Workers get additional training that increases productivity.
Typically, an individual takes only one newspaper from the bin because
A. of the low marginal utility of additional newspapers. B. marginal utility increases with the first consumption of newspapers. C. total utility will rise with consumption of more than one newspaper. D. there are limited amounts of newspapers in the bin.