A decrease in the growth rate of the money supply eventually causes the short-run Phillips curve to shift right
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is typically considered a fixed cost by academic book publishers but a variable cost by companies that print books?
A) postage and supplies B) wages and salaries C) travel D) rent
Improvement in technology in the entire industry or an increase in the education of employees creates a(n):
a. increasing cost industry. b. a downward sloping LRS. c. constant cost industry. d. decreasing cost industry.
First-past-the-post voting entails:
A. one vote with many options, and the option that gets to 51% wins. B. one vote with many options, and the option with the most votes wins. C. voters ranking all available options and the option most approved of wins. D. a series of votes with two options; the winner of the first vote is paired with another option until all options have been voted on in pairs and there is one winner.
Currently, the market for pizza pies in your neighborhood is at equilibrium. If a large number of people move into the area, we would expect the market price of pizza to:
a) decrease b) increase c) remain unchanged