If the aggregate supply curve is upward-sloping, then the short-run effect of an increase in the money supply is an increase in both real output and the price level
Indicate whether the statement is true or false
true
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The set of income-quantity pairs showing the amount of a good the consumer buys at various levels of income is called
a. a compensated demand curve. b. a budget line. c. an income-elasticity curve. d. an Engel curve.
Large amusement parks charge entrance fees rather than fee per ride because
a. Customers are more sensitive to paying a fee per ride b. Customers are less sensitive to paying a fee per ride c. Customers view paying per ride as a smaller cost d. None of the above
In the official labor statistics, discouraged workers are:
a. counted as employed. b. counted as unemployed. c. included in the labor force. d. not included in the labor force. e. considered to be seasonally unemployed.
One of the most successful countries in implementing export promotion policies is
A. the United States. B. China. C. Germany. D. Japan.