Average hours worked per week have ____ since the early 1900s
a. declined by almost 7 percent
b. risen by almost 15 percent
c. risen by almost 7 percent
d. declined by almost 35 percent
d
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Prices for industrial commodities such as steel rods or machine tools are
A) heavy prices. B) custom prices. C) auction prices. D) sticky prices.
In the aggregate expenditures model, a tax increase causes a(n):
a. upward shift in the aggregate expenditures curve. b. downward shift in the aggregate expenditures curve. c. shift in the 45-degree line. d. rightward movement along the aggregate expenditures curve. e. leftward movement along the aggregate expenditures curve.
Income distribution in the United States is quite similar to that in other industrialized nations
Indicate whether the statement is true or false
Refer to the figure that shows the market for U.S. health care. The problem of rapidly rising medical care costs is best illustrated by the shifts of the demand and supply curves from D 1 to:
A. D 2 and S 1 to S 2 .
B. D 2 and S 1 to S 3 .
C. D 3 and S 1 to S 2 .
D. D 3 and S 1 to S 3 .