The short-run aggregate supply curve shifts because of changes in all of the following EXCEPT
capitalstock
technical progress
money wage rates
the price level
the price level
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All else equal, if job turnover has people leaving jobs and finding new jobs in the same industry, this will
A) decrease the supply of labor, but not change the demand for labor. B) increase the demand for labor and the supply of labor. C) increase the demand for labor and decrease the supply of labor. D) not change demand or supply in the labor market.
Give some examples of opportunity cost.
What will be an ideal response?
If an economy is operating at short-run equilibrium below the level of real GDP, the self-correction model result is that: a. unemployment increases
b. unemployment falls. c. cyclical unemployment increases. d. frictional and structural unemployment increase.
A nation's infrastructure includes all of the following except its:
a. market system. b. educational system. c. energy system. d. railroad system. e. religious system.