Smallville has experienced a fall in its birth rate over time. This will cause:
a. the long-run aggregate supply curve to shift rightward
b. the long-run aggregate supply curve to shift leftward.
c. an upward movement along the long-run aggregate supply curve.
d. a downward movement along the long-run aggregate supply curve.
b
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An exclusive deal is
A) always illegal. B) welfare reducing. C) one where a firm will only sell to a customer if the customer agrees not to buy anything from the firm's rivals. D) All of the above.
Some medical authorities announced in the late 1980s that an acne medicine named Retin-A also had previously unknown wrinkle-reducing properties. An economist would expect to find that, after this announcement, the price of Retin-A ____ and the quantity sold ____
a. rose; fell b. rose; rose c. fell; fell d. fell; rose
An instance in US history when SRAS increased was
a. The Great Depression (1930s) b. WWII (early 40s) c. OPEC (70s) d. Tech Boom (90s)
In Figure 45.5, where one union is bargaining against one employer, the lowest possible negotiated wage paid to workers will be 
Figure 45.5
A. W1. B. W*. C. W2. D. an undetermined point between W1 and W2.