The kinked demand curve is an explanation of sticky prices.
Answer the following statement true (T) or false (F)
True
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Which of the following will not shift the demand for labor to the right?
A. an increase in the wage rate B. an increase in the demand for output C. an increase in the price of a competing input D. an increase in the competitiveness of an industry
Prices help coordinate all phases of production so producers have the right quantities of resources they need, in the right place, to operate
Indicate whether the statement is true or false
The magnitude of the government expenditure multiplier is ________ the magnitude of the tax multiplier
A) not comparable to B) greater than C) less than D) equal to E) greater than for expansionary policy and less than for contractionary policy
Refer to Scenario 1 . The student has already taken 9 exams. His 9th exam was a 65 and his 10th exam was higher than the 9th exam. What can we conclude has happened to his average?
What will be an ideal response?