A negative demand shock causes a ________ the IS curve and a ________ the aggregate demand curve
A) movement up along; shift to the left of
B) shift to the right of; movement up along
C) movement down along; movement down along
D) shift to the left; shift to the left of
A
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The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 200, where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner. What is the coal mine's marginal expenditure function?
A. ME = 50Q + 10,000 B. ME = 100Q + 10,000 C. ME = 200Q + 500 D. ME = 250Q + 500
Borrowing VCU3 from an online company cause the nation's:
a. M2 money supply to rise. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
All but which of the following people supplied labor in colonial America?
(a) Members of the free population in England and other parts of Northern Europe. (b) Native Americans (c) Slaves (d) Indentured servants
Consider the market for chicken. Assuming that chicken and beef are substitutes, an increase in the price of beef will:
a. decrease the demand for chicken creating a lower price and a smaller amount of chicken purchased in the market. b. decrease the supply of chicken creating a higher price and a smaller amount of chicken purchased in the market. c. increase the demand for chicken creating a higher price and a greater amount of chicken purchased in the market. d. increase the supply of chicken creating a lower price and a greater amount of chicken purchased in the market.