Along the Keynesian range of the aggregate supply curve, higher aggregate demand fails to stimulate output and only causes inflation
a. True
b. False
Indicate whether the statement is true or false
False
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A part of the Jumpstart Our Business Startups (JOBS) Act:
A) banks were required to provide special financing for start ups B) differences between qualified and unaccredited investors were removed C) the SEC is no longer is allowed to regulate funding of business start ups D) Congress removed some of the restrictions on using crowd-funding to allow small investors to buy equity in start-ups
The quantity that a firm will supply in the short run
A. can be read from its average cost curve. B. can be read from its average variable cost curve. C. can be read from the firm’s marginal cost curve above average variable cost. D. is always zero above minimum average variable cost.
A downward shift in the consumption function can be caused by:
a. expectations of higher inflation. b. an increase in wealth. c. a lower price level. d. none of these.
If the labor force is 575,000 and the total population 16 years of age or older is 650,000, the labor-force participation rate is
A. 65.0%. B. 75.0%. C. 88.5%. D. 92.5%.