In the figure at? right, a movement from point A to point B can be explained by
A. he increase in exports to the foreign sector h
B. the decrease in irterest eles
C. a decrease in the real value of cash balances O
D. an dscrease in the quantity of money in ciruation AD
Option C is correct. This is because when real value of cash is decreased it is an indication that price level has increased. When price level increases, AD does not show a shift but a movement up along the AD. Hence C should be selected.
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A) $90.00 B) $10.00 C) $55.00 D) $52.50
A benefit of unions is that they
A) increase firm profits. B) increase the stability of the workforce. C) increase wage inequality. D) restrict the labor market.
Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false
If demand is ______ to changes in price, it is considered to be perfectly elastic.
a. unresponsive b. slowly responsive c. slightly responsive d. extremely responsive