Which of the following does NOT shift the short-run aggregate supply curve?
A) a change in the money wage rate
B) technological progress
C) a reduction in the price of a raw material
D) a change in the price level
D
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A demand schedule shows the time over which different quantities will be demanded.
Answer the following statement true (T) or false (F)
The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the resources lost because of job search?
A) area A B) area B C) area C D) area D E) area E
A $25,000 price tag on a new car is an example of money as
A) a medium of exchange. B) a unit of account. C) a store of value. D) a time deposit.
For a given real interest rate, an increase in inflation makes the after-tax real interest rate
a. decrease, which encourages savings. b. decrease, which discourages savings. c. increase, which encourages savings. d. increase, which discourages savings.