How has the widespread availability of news on the web, which decreased the demand for newspaper workers, affected the wages of the works?
A. Wages decreased.
B. Wages stayed the same.
C. Wages increased.
D. Wages are not affected by this.
Answer: A
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An unexpected rise in the growth rate of the CPI should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Official poverty rates in the last 40 years have
A) fallen dramatically. B) risen dramatically. C) stayed roughly the same. D) been eliminated.
Say a monopolist sells in two separate markets, with demand PA = 100 - 2Q and PB = 50 - Q respectively. Marginal costs in both markets are constant and equal to 8. The profit maximizing quantity of output in market A would be
A. 5. B. 46. C. 21. D. 23.
If the MPC for an economy is 0.90, a $4 billion increase in taxes will ultimately cause consumption to decrease by
A. $3.6 billion. B. $40 billion. C. $36 billion. D. $4.4 billion.