An increase in worker productivity will lead to a
A.
Negative demand shock
B.
Positive demand shock
C.
Negative supply shock
D.
Positive supply shock
D.
Positive supply shock
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To compare the purchasing power of nominal wages in two different years, one must:
A. deflate both quantities by a common price index. B. adjust both quantities by the real interest rate. C. increase both quantities by the same percentage increase in a price index. D. compare the nominal values.
When Patty uses money to buy her lunch, she is showing the use of money as a "store of value."
Indicate whether the statement is true or false
What is the main problem with rules of origin?
What will be an ideal response?
Market failure establishes a basis for:
a) Government intervention. b) Private goods. c) Market power. d) Externalities.