Which of the following will not cause the aggregate supply curve to fall?
a. Natural disasters.
b. An increase in input prices.
c. A reduction in the nation's level of productivity.
d. A decrease in the nation's average price level (i.e., the implicit price index).
e. None of these answers is correct.
.D
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The table above shows the total product schedule for Shines Car Wash. The market for car washes is perfectly competitive and car washes sell for $5 each. The labor market is competitive and the wage rate is $50 per day
What is the value of marginal product for each worker? How many workers does the firm hire to maximize profit?
The natural rate of unemployment is constant over time
a. True b. False Indicate whether the statement is true or false
The president of each regional Federal Reserve Bank is appointed by
a. the U.S. president with the approval of the Senate. b. the Board of Governors. c. the voting members of the Federal Open Market Committee. d. the board of directors of that regional Federal Reserve Bank.
________ are the things that are used to produce items that satisfy people's wants.
A. Concepts B. Resources C. Costs D. Production possibilities curves