If everyone agrees to a change, then the change will be a Pareto Superior move
a. True b. False
a
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Use the following graph to answer the next question.
If Canadian investors buy more U.S. financial and real assets, ________.
A. the demand curve will shift right B. the demand curve will shift left C. the supply curve will shift right D. the supply curve will shift left
According to the monetarists, when the expected rate of inflation rises, the short-run Phillips curve
a. shifts upward. b. shifts downward. c. is unaffected. d. None of the above
During periods when the inflation rate fluctuates widely, _____
a. the nominal interest rate and the real interest rate are identical b. all money prices rise at the same rate, causing relative prices to increase c. suppliers link the selling prices of their goods to the overall inflation rate d. uncertainty about changes in relative prices causes a decrease in economic efficiency e. all money prices increase at the same rate, leaving relative prices constant
Explain why a monopsonist's marginal labor cost curve must lie above its labor supply curve