An eclectic aggregate supply curve:
A. Is the supply-side counterpart to monetarist and Keynesian assumptions about the shape of aggregate demand.
B. Combines elements of the monetarist and Keynesian assumptions about the shape of aggregate supply.
C. Maintains a constant upward slope as the economy moves through the business cycle.
D. Is horizontal at all levels of output.
B. Combines elements of the monetarist and Keynesian assumptions about the shape of aggregate supply.
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If men, on average, earn 20 percent more than women in a particular occupation,
a. this is clear evidence of discrimination. b. some of this differential could be due to differences in educational levels. c. some of this differential could be due to differences in human capital. d. Both b and c are correct.
House A has an ocean view and House B does not. In all other respects, the two houses are the same. The market price of house A is $2,800,000; the market price of house B is $2,600,000. The ocean view is therefore valued at
A) $200,000. B) $1,950,000. C) -$700,000. D) $2,700,000.
Shanda is a policymaker for the government. If her goal is to increase the equilibrium quantity of loanable funds while lowering real interest rates, what type of program should she pursue?
a. help researchers create a profitable technological breakthrough b. enact an investment tax credit c. eliminate an investment tax credit d. enact a saving incentive
A shift of the demand curve to the left represents
A) an increase in demand. B) a decrease in demand. C) an increase in quantity demanded. D) a decrease in quantity demanded.