The Coase Theorem states that there is a single unique way to assign property rights if the private sector is to achieve environmental efficiency
a. True
b. False
Indicate whether the statement is true or false
False
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A decrease in the price level will: a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply. b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply. c. increase short-run aggregate supply
d. decrease short-run aggregate supply.
The long-run aggregate supply curve would shift left if the amount of labor available
a. increased or Congress made a substantial increase in the minimum wage. b. decreased or Congress abolished the minimum wage. c. increased or Congress abolished the minimum wage. d. decreased or Congress made a substantial increase in the minimum wage.
Figure 5-10
In the indifference curve pictured in Figure 5-10, which of the following is clearly true?
a.
B is preferred to D.
b.
B is preferred to C.
c.
A is preferred to B.
d.
C is preferred to D.
Aggregate expenditure means total or combined spending.
a. true b. false