If technology improves when a nation is in the intermediate range and only the Aggregate Supply changes, then:
a. Real GDP remains the same and average price level falls.
b. Real GDP remains the same and average price level rises.
c. Real GDP remains the same and average price level remains the same.
d. Real GDP rises and average price level falls.
e. Real GDP falls and average price level falls.
.D
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In the figure above, the curve is known as the
A) production possibilities frontier. B) substitution options frontier. C) production function. D) opportunity cost curve.
Referring to Figure 1.8, if a point represents unemployment, it is in 
A. AREA #1 but not on the curve. B. AREA #2 but not on the curve. C. AREA #1 or is on the curve. D. AREA #2 or is on the curve.
Supporters of the World Trade Organization contend that it:
A. Imposes safeguards for worker safety in member nations B. Weakens the environmental laws in member nations C. Undermines minimum wage laws in member nations D. Liberalizes trade among member nations
A lawn service is deciding whether to add an additional employee to its summer crew. The marginal cost of hiring this worker depends on the
A) total amount paid to only the new worker. B) total amount paid to all previously hired workers. C) the total amount paid to all the workers, both the new one and the previously hired workers. D) the additional revenue created by having an additional worker minus the cost of hiring the worker.