Florencia has decided to make computer literacy mandatory in high schools. This is expected to bring about a technological growth and 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.
a
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Refer to the figure below. Let ?X denote the price elasticity of demand at point X. Which of the following describes the relationship between ?A, ?B and ?C?
A. ?A > ?B > ?C B. ?A > ?C > ?B C. ?B > ?C > ?A D. ?C > ?B > ?A
P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
Suppose QRS-TV enters into an agreement with P-TV that gives QRS-TV the exclusive right to air a reality show during this time slot. QRS-TV would be willing to pay P-TV ________ in order to persuade P-TV to enter into this agreement.
A. no more than $5 million B. no more than $10 million C. more than $10 million D. nothing
Unemployment is good from a social point of view because
A) it keeps wages in check. B) it allows for better matches between workers and firms. C) it provides free time. D) it keeps the least efficient workers out.
Which of the following statements is true?
A) Nonactivists argue that monetary and fiscal policies should be deliberately used to smooth out the business cycle. B) Fine-tuning consists of the usually frequent use of monetary policy to counteract even small undesirable movements in economy activity. C) Keynesians would be more likely to advocate contractionary monetary policy to correct an inflationary gap than expansionary monetary policy to correct a recessionary gap. D) b and c E) a, b and c