The typical movement of the aggregate supply curve resulting from an increase in productivity is that it
A. shifts inward and becomes flatter.
B. shifts inward.
C. shifts outward.
D. becomes flatter.
E. becomes steeper.
Answer: C
Economics
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The wage elasticity of labor demand is always negative.
Answer the following statement true (T) or false (F)
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If the cross-price elasticity of demand for computers and software is negative, this means the two goods are
A) normal. B) inferior. C) substitutes. D) complements.
Economics
If AE > Y, which of the following will NOT occur?
A) inventories will decline B) actual investment will be more than planned investment C) employment will increase D) GDP will increase
Economics
According to the graph shown, at a price of $5, there is a:
A. shortage of 10.
B. shortage of 20.
C. shortage of 30.
D. surplus of 20.
Economics