If the number of people with the skills necessary to perform a job increases, labor ________ shifts to the ________.
A. demand; left
B. demand; right
C. supply; left
D. supply; right
Answer: D
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Refer to Table 20-5. Consider the following values of the consumer price index for 2015 and 2016. The inflation rate for 2016 was equal to
A) 215 percent. B) 21.5 percent. C) 8.0 percent. D) 3.9 percent.
Refer to the above figure. The rational expectations hypothesis implies that an anticipated decrease in aggregate demand from AD2 to AD1 will
A) move the economy from b to c. B) move the economy from b to a. C) move the economy from c to a. D) shift the aggregate supply (AS) curve to the left.
The U.S. dollar will appreciate if
a. the U.S. demand for foreign exchange decreases b. the U.S. demand for foreign exchange increases c. the U.S. supply of foreign exchange decreases d. Americans want to buy more foreign goods e. foreigners want fewer American goods
Who said this? "Who is entitled to the rent of land? The producer of the land without doubt. Who made the land? God. Then, proprietor, retire!"
A. David Ricardo B. Henry George C. Pierre Joseph Proudhon D. Joseph Schumpeter