Referring to Figure 19.2, an appreciation of the dollar is represented by a movement from point
A) b to c. B) c to d. C) a to c. D) a to d.
B
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If workers' money wage rates increase by 5 percent and the price level remains constant, workers'
A) quantity of labor supplied will decrease. B) quantity of labor supplied will increase. C) quantity of labor supplied will not change. D) demand for jobs will decrease.
Interest rates fall and investment falls. Which of the following could explain these changes?
a. The government goes from a surplus to a deficit. b. The government repeals an investment tax credit. c. The government replaces a consumption tax with an income tax. d. None of the above is correct.
If inflation is less than expected, who is wealth redistributed to?
Exhibit 6A-4 Consumer equilibrium
?
Given the budget line and indifference curves shown in Exhibit 6A-4, point E is:
A. inferior to point X. B. lowest attainable level of total utility. C. consumer equilibrium. D. unobtainable.