Which of the following does NOT shift the aggregate demand curve?
A) a change in the money wage
B) a change in expectations about the future
C) a change in fiscal policy
D) a change in monetary policy
E) a change in foreign income
A
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Real GDP measures the ________ of production.
A. physical volume B. current dollar value C. change in the volume D. current market value
A quasi-public good differs from a public good in that unlike a public good, it is possible to keep those who do not pay for the quasi-public good from enjoying the benefits of the good
Indicate whether the statement is true or false
The market labor supply curve is the
a. vertical sum of the individual labor supply curves b. horizontal sum of the individual labor supply curves c. vertical difference of the individual labor supply curves d. horizontal difference of the individual labor supply curves e. average of the individual labor supply curves
An Added Perspective in the text shows that the average size of Japanese rice farms is growing and productivity is improving. This will likely cause __________ and generate requests for ____________
a. prices to increase; price ceilings b. prices to increase; price floors c. supplies to increase; price ceilings d. prices to decrease; price ceilings e. prices to decrease; price floors