Cost-push inflation:
a. occurs when the aggregate demand curve shifts rightward
b. occurs when the aggregate supply curve shifts rightward.
c. results in a decrease in the unemployment rate.
d. results in a movement along the aggregate demand curve.
e. is caused by the same factors that lead to demand-pull inflation.
d
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What is the shape of the labor supply curve implied by the following statements?
a. "I'm sorry, kids, but now that I'm earning more, I just can't afford to come home early in the afternoon, so I won't be here when you get home from school." b. "They can pay me a lot or they can pay me a little. I'll still put in my 8 hours a day." c. "Now that I have received a salary increase, I am going to work 36 hours instead of 40 hours a week"
Between 1821 and 1930, the U.S. gained a comparative advantage in the production of agricultural goods
Indicate whether the statement is true or false
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
Suppose the game above is repeated every day, and both firms adopt the following strategy: cooperate on the first day, then if the other firm cheats, cheat the next day, and if the other firm abides, abide the next day. This type of strategy is known as:
A. a prisoner's dilemma. B. the golden rule. C. the cartel solution. D. a tit-for-tat strategy.
Despite the fact that the Quick-Buzz Coffee Company provides a coupon in the local newspaper that can be redeemed for $1 off the price of its best-selling coffee beans, not all buyers actually use the coupon. Assuming everyone has a subscription to the newspaper, from this we know that:
A. the coffee drinkers who use the coupons have more elastic demand than the coffee drinkers who pay full price. B. the coffee drinkers who use the coupons have less elastic demand than the coffee drinkers who pay full price. C. all coffee drinkers have a highly inelastic demand. D. all coffee drinkers have a highly elastic demand.