Which of the following shifts short-run aggregate supply right?
a. an increase in the minimum wage
b. an increase in immigration from abroad
c. an increase in the price of oil
d. an increase in the actual price level
b
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Given the aggregate production function Y = A , the Solow residual equals ________ when Y is 60, K = 5 and L = 5
A) 2.4 B) 35 C) 25 D) 12
Recall the Application about the benefits generated when one country gathers information on global weather to answer the following question(s).Recall the Application. Weather monitoring is:
A. a public good. B. a private good. C. impossible because it requires international cooperation. D. efficiently provided by private markets because it is profitable.
A pay-as-you-go system means
A. you pay for your dinner as you go to the table to eat. B. current working citizens pay for current retired citizens. C. there is no need for taxes since current workers pay for current retirees. D. retirees are paid from accounts that have accumulated with interest over their working lives.
How much did world trade total in 2011?
a. 16 trillion b. 18 trillion c. 20 trillion d. 22 trillion