By referring to Figure 7-1, an increase in the money stock
a. shifts the LM schedule to the right from LM0 to LM1.
b. shifts the LM schedule to the left from LM0 to LM2.
c. leaves the LM curve unchanged at LM0.
d. shifts neither the IS nor the LM schedule.
A
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Restrictive labor law can create two different groups
A. insiders, who enjoy long-term stable employment, and outsiders, who end up with high unemployment rates. B. insiders, who end up with high unemployment rates, and outsiders, who enjoy long-term stable employment. C. employers, who bear the costs of restrictive labor laws, and workers, who enjoy the benefits of restrictive labor laws. D. employers, who enjoy the benefits of restrictive labor laws, and workers, who bear the costs of restrictive labor laws.
Average per capita water consumption in the United States was approximately how many gallons per day in 2010?
A. 355 B. 764 C. 1,941 D. 1,134
Economic regulation occurs when:
a. monopoly is the optimal market structure b. the industry is highly competitive c. the product is important to economic welfare d. the government owns the assets of the industry e. the product price, if left unregulated, would be too low
Refer to the accompanying figure. As the production of pizza increases, the opportunity cost of producing pizza:
A. decreases. B. increases. C. becomes negative. D. doesn't change.