Suppose Kyle is a liberal and the economy is overheated. Which fiscal policy does he recommend?
a. increase taxes
b. decrease taxes
c. increase G spending
d. decrease G spending
e. increase the money supply
Ans: a. increase taxes
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Assuming all else equal, if the price of each unit of capital rises, ________
A) a firm moves to a higher point along its labor demand curve B) a firm moves to a lower point along its labor demand curve C) a firm's labor demand curve shifts to the left D) a firm's labor demand curve shifts to the right
Are there ever exceptions to the law of demand?
What will be an ideal response?
If slope = -2 for a line on a graph with x on the horizontal axis and y on the vertical axis, then if
a. x increases by 4, y increases by 8 b. x increases by 4, y increases by 2 c. y increases by 4, x increases by 8 d. x = 4, y = 8 e. x increases by 4, y decreases by 8
Which of the following is an accurate statement concerning effects on the supply curve?
a. Few events will affect the supply curve but not the demand curve. b. Few events will affect the equilibrium curve but not the supply curve. c. Many events will affect the supply curve but not the demand curve. d. Many events will affect the supply curve but not the equilibrium curve.