A change in the money wage rate shifts
A) both the SAS and LAS curves.
B) the LAS curve but not the SAS curve.
C) the SAS curve but not the LAS curve.
D) neither the SAS nor the LAS curve.
C
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X-inefficiency refers to the situation in which firms with market power are operating in the upward-sloping segment of their long-run average cost curve
Indicate whether the statement is true or false
When the expected inflation rate increases, the real cost of borrowing ________ and bond supply ________, everything else held constant
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
If the U.S. dollar depreciates relative to the Swiss franc, then
a. Swiss goods become more expensive in the U.S. b. U.S. goods become more expensive in Switzerland c. Swiss investors will pay more Swiss francs to buy each U.S. dollar d. the U.S. will import more from Switzerland e. the U.S. dollar-Swiss franc exchange rate will decrease
In recent years, what percentage of American families have derived income transfers from at least one government transfer program?
a. less than 20 percent b. approximately 53 percent c. approximately 62 percent d. nearly 75 percent