Which of the following does NOT affect the long-run aggregate supply curve?
A) technology B) endowments of resources
C) price level D) production possibilities curve
C
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The parties to a swap are formally called the
A) counterparties. B) optioners. C) short and long positions. D) bond- and billholders.
As a fishing firm hires its first, second, and third workers, it could find that marginal product actually rises. The reason for this is:
a. diminishing returns have set in. b. the division of labor creates greater productivity. c. the firm has hired another boat. d. all tasks are shared by all workers. e. less qualified workers are becoming available.
Suppose the price level in the United States falls while price levels elsewhere in the world remain unchanged. Our demand for imports would rise and our demand for domestic goods would fall
Indicate whether the statement is true or false
Which of the following is true?
A. The role of government grew most rapidly from 1920 to 1933. B. The role of government grew most rapidly during Franklin Roosevelt's Administration from 1960 to 1975. C. The seeds of the expansion of the federal government's economic role were sown during the Nixon Administration from 1933-1945. D. The seeds of the expansion of the federal government's economic role were sown during the Roosevelt Administration from 1933-1945.