Over time in a growing economy, the long run aggregate supply curve will
A) shift inward to the left.
B) shift outward to the right.
C) become increasingly stee
B
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The Herfindahl-Hirschman Index is used to ________
A) measure the price elasticity of demand faced by a firm B) estimate the degree of competition in an industry C) measure the price elasticity of market supply in an industry D) estimate the profit earned by firms in an industry
The value of unpaid work by a homemaker ________ included in GDP and the value of housekeeping services sold in a market ________ included in GDP.
A. is not; is B. is; is C. is not; is not D. is; is not
If your income increases from $10,000 per year to $14,000 per year and your tax payment increases from $2,000 to $2,840, the marginal tax rate:
A. Is 20 percent B. Is 21 percent C. Is 25 percent D. Cannot be determined from the given data
Refer to the table. An interest rate of 2 percent is not sustainable because:
A. the demand for bonds in the bond market will fall and the interest rate will fall.
B. the demand for bonds in the bond market will rise and the interest rate will fall.
C. the supply of bonds in the bond market will decline and the interest rate will rise.
D. the supply of bonds in the bond market will rise and the interest rate will rise.