An increase in labor productivity will shift
A) MRP curve to the left.
B) MFC curve to the right.
C) MRP curve to the right.
D) MFC curve to the left.
C
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Which of the following activities describes the opportunity cost of attending an economics class?
a. the value of the time it takes to get to campus every day b. the cost of the gasoline needed to drive a car to campus c. the value of the highest valued alternative that must be forgone because of attending the class d. transportation costs plus the cost of tuition and textbooks for the course
Jake loaned Elwood $5,000 for one year at a nominal interest rate of 10 percent. After Elwood repaid the loan in full, Jake complained that he could buy 4 percent fewer goods with the money Elwood gave him than he could before he loaned Elwood the $5,000 . From this, we can conclude that the rate of inflation during the year was
a. -4 percent. b. 4 percent. c. 6 percent. d. 14 percent.
Given the following Taylor rule:Target federal funds rate = natural rate of interest + current inflation + 2x(inflation gap) + x(output gap);What do the coefficients on the inflation and output gaps (2x, x) reveal?
What will be an ideal response?
The effects of a tax credit for purchasing new energy-compliant appliances on the use of electricity.
A. Microeconomics B. Macroeconomics