Other things remaining the same, a right shift in the supply curve will lead to:
A) a decrease in the equilibrium price and an increase in the equilibrium quantity.
B) an increase in the equilibrium price and the equilibrium quantity.
C) an increase in the equilibrium price and a decrease in the equilibrium quantity.
D) a decrease in the equilibrium price and the equilibrium quantity.
A
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In the LM curve, the __________ the interest-sensitivity of liquidity preference, the __________ the necessary increase in the rate of interest to restore equilibrium
A) greater; smaller B) greater; greater C) smaller; smaller D) None of the above.
The shape of the supply curve of labor may be described as _________________.
Fill in the blank(s) with the appropriate word(s).
If the value of net exports is positive, then
A. exports equal imports. B. exports exceed imports. C. imports exceed exports. D. imports are zero.
The ________ explanation for the existence of downwardly sticky wages emphasizes the contention that workers in one industry may be unwilling to accept a wage cut, unless they know that workers in other firms and industries are receiving similar cuts.
A. relative-wage B. living-wage C. nominal-wage D. minimum-wage