Which of the following is likely to shift the demand curve for corn farmers leftward, assuming all else equal?
A) A fall in the productivity of corn farmers due to increased pest attacks
B) A rise in the productivity of farmers due to better fertilizers
C) A fall in the wage rate of corn farmers
D) A rise in the wage rate of corn farmers
A
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The primary source of funds for the World Bank is
A) the world's wealthiest countries. B) the New York Stock Exchange. C) private financial markets. D) quota subscriptions.
On the modern Phillips curve, the initial impact of government policies to stimulate the economy is shown by ________
A) an upward movement along the Phillips curve to a higher inflation rate B) an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate C) a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate D) a downward movement along the Phillips curve to higher unemployment rates E) none of the above
If the income elasticity of demand for a good is negative, the good is an inferior good
a. True b. False Indicate whether the statement is true or false
A recent purchaser of a bond that agrees to pay an annual nominal amount would hope that interest rates do not rise
What will be an ideal response?