Which of the following will cause a movement along the aggregate demand curve?
a. A decrease in the price level
b. An increase in government purchases
c. A decrease in taxes
d. An increase in investment spending
e. An increase in the interest rate
A
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Reading a Consumer Reports review of a vacuum cleaner before buying is the same way of dealing with information asymmetry as:
A. an employer requiring a drug test. B. an insurance company offering different deductible-level plans. C. a buyer choosing a used car from a brand dealership. D. a college charging a high tuition relative to other schools.
The unemployment rate tells us:
A. what percentage of the labor force wants to work and can't find a job. B. who is currently unemployed. C. why the unemployed can't find work. D. the number of people who really don’t want to work.
Refer to the following figure. The price of capital is $50 per unit:
What is the price per unit of labor?
A. $25 B. $10 C. $20 D. $ 2
Which of the following is directly illegal under the Sherman Act?
A. Price discrimination. B. Tying contracts. C. Price-fixing. D. Interlocking directorates.