If a tax is levied on the sellers of a product, then the supply curve will
a. shift up.
b. shift down.
c. become flatter.
d. not shift.
a
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Refer to Figure 16-6. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely pursue
A) contractionary fiscal policy. B) expansionary monetary policy. C) expansionary fiscal policy. D) expansionary automatic stabilizers. E) contractionary monetary policy.
Why might firms pay wages that are above the equilibrium wage in a market?
A) to reduce the unemployment rate B) to encourage workers to form labor unions C) to increase the productivity of their workers D) to reduce profit
Since the middle 1980s, Bolivia and many other less-developed countries have experienced
a. negative terms of trade b. constant terms of trade c. increasing terms of trade d. decreasing terms of trade e. zero terms of trade
The term _____ refers to the problem of small sample size.
A. micronumerosity B. multicollinearity C. homoskedasticity D. heteroskedasticity