A linear, upward-sloping supply curve has
a. a constant slope and a changing price elasticity of supply.
b. a changing slope and a constant price elasticity of supply.
c. both a constant slope and a constant price elasticity of supply.
d. both a changing slope and a changing price elasticity of supply.
a
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Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered
A) a discouraged worker. B) an involuntary part-time worker. C) a marginally attached worker. D) not in the labor force. E) a job seeker.
Which of the following would be included in inflationary expectations that are formed adaptively?
A) Money supply growth over the past two years B) Statements made by the President of the United States C) The average inflation rate over the past three years D) A recent price agreement by oil exporting nations
Which of the following is a microeconomics topic?
a. A price of a new home. b. The inflation rate. c. The economy's growth rate. d. The unemployment rate. e. Forecasts of a recession next year.
Without a change in target inflation, anything that shifts the aggregate demand curve to the right will cause:
A. a temporary increase in output. B. an increase in output in the long run. C. a permanent reduction in inflation. D. a temporary decrease in inflation.