An increase in the wage rate will cause the labor supply curve to shift to the right
a. True
b. False
B
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Which of the following is not a method to reduce the inflationary gap?
A. Increasing government spending B. Reducing transfer payments C. Raising taxes D. Decreasing government expenditure
In the figure above, when the quantity of milk produced is 300 gallons per day, what is the deadweight loss?
A) $62.50 B) $125 C) $200 D) $937.50
All centrally planned economies
A) have been political dictatorships. B) started out as market economies. C) have become mixed economies. D) began as mixed economies.
Refer to the information provided in Figure 30.1 below to answer the question(s) that follow.
Figure 30.1Refer to Figure 30.1. Growth in aggregate output causes a ________ through the accelerator effect.
A. shift from I3 to I1 B. movement from Point A to Point C C. shift from I2 to I1 D. movement from Point A to Point B