The long-run aggregate supply curve will shift to the right if
A) the economy experiences technological change.
B) there is a decrease in population.
C) the economy experiences high levels of inflation.
D) net exports decrease.
Answer: A
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When an oligopolist chooses a maximin strategy, how is that helpful and what is being assumed about the other players?
What will be an ideal response?
The distribution of income in the United States
a. became slightly more equal during the 1980s. b. did not change significantly during the 1980s. c. has become more unequal since 1980. d. has become more equal since 1980.
The largest labor union in the United States represents approximately
A. 5 percent of the labor force. B. 1 percent of the labor force. C. 10 percent of the labor force. D. 15 percent of the labor force.
Figure 7.5
The consumer must decide how to split $20 between spending and saving.Refer to Figure 7.5. If the consumer uses cognition to offset present bias, he/she will maximize utility by ________ consumption and ________ saving.
A. increasing; increasing B. increasing; decreasing C. decreasing; increasing D. decreasing; decreasing