Refer to Figure 12.4. The implementation of corrective policy by the central bank is designed to move the economy from
A) point A to point B.
B) point B to point D.
C) point D to point C.
D) point C to point A.
A
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Which of the following is a likely reason for wage inequality between men and women?
A) Men generally tend to have higher education qualifications than women. B) Women generally tend to have higher educational qualifications than men. C) Men tend to spend more time out of the labor force as compared to women. D) Women tend to spend more time out of the labor force as compared to men.
A monopolist faces an average total cost of $6 when it produces 200 units of its product. If it sells the 200 units at $8 per unit, ________
A) the monopolist incurs a loss of $200 B) the monopolist incurs a loss of $400 C) the monopolist makes a profit of $200 D) the monopolist makes a profit of $400
Efficiency wages
a. may increase productivity. b. will increase unemployment. c. may improve worker health. d. All of the above are correct.
Use the following graph, which shows an aggregate demand, to answer the next question.
If the economy is at point C and the price level increases by 100, then the real balances, interest-rate, and foreign purchases effects will ________.
A. shift the AD curve to the left B. move the economy to point A C. move the economy to point B D. move the economy to point D