What is the effect on aggregate supply and potential GDP of an increase in the money wage rate?
What will be an ideal response?
An increase in the money wage rate decreases aggregate supply and shifts the aggregate supply curve leftward. It has no effect on potential GDP.
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Which of the following is a list of fixed inputs for a hospital?
A) bandages, casts, and other materials B) antibiotics, pain medication, and other prescription drugs C) the emergency room, intensive care unit, and other facilities D) the nurses, receptionists, and other employees E) the lobby, the doctors, and the electricity it uses
"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $10 per hour." The opportunity cost of attending class this evening is: a. $4
b. $40. c. $44. d. $0.
What ways can entrepreneurs promote technological progress and economic growth?
a. create a new product b. make an existing product better c. find new ways to make old products d. all of the above are ways to promote technological progress and economic growth
If the model 
? satisfies the first four Gauss-Markov assumptions, then v has:
A. ?a zero mean and is correlated with only x1. B. ?a zero mean and is correlated with x1 and x2. C. ?a zero mean and is correlated with only x2. D. a ?zero mean and is uncorrelated with x1 and x2.