Which of the following graphical representations can be used most appropriately to show the distribution of a household's income, in terms of percentages, among the various categories of expenses?
A) A bar chart B) A time-series graph
C) A pie chart D) A histogram chart
C
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Increases in income from other sources than employment can cause the labor ____ curve to shift ____. a. demand; right. b. demand; left
c. supply; right. d. supply; left.
Discuss some of the general conclusions arrived at about supply-side tax initiatives
If inflation expectations rise, the short-run Phillips curve shifts
a. right, so that at any inflation rate output is higher in the short run than before. b. left, so that at any inflation rate output is higher in the short run than before. c. right, so that at any inflation rate output is lower in the short run than before. d. left, so that at any inflation rate output is lower in the short run than before.
Which of the following would not affect an individual's demand curve?
a. expectations
b. income
c. prices of related goods
d. the number of buyers