A change in the full-employment quantity of labor... the short-run aggregate supply curve and... the long-run aggregate supply curve
What will be an ideal response?
shifts; shifts
You might also like to view...
How does the "rule of law" increase wealth for a country?
A. It is up to society to make decisions and they can choose whatever rules they want. B. Rule of law takes away incentives for the business. C. Known and predictable laws make governing a business less risky. D. It guarantees business owners profit which improves the country's standard of living.
The antitrust legislation that made it illegal for a firm to buy a competitor's voting stock was the:
a. Sherman Antitrust Act. b. Celler-Kefauver Act. c. FTC Act. d. Robinson-Patman Act. e. Clayton Act.
If the minimum wage is set above the market wage
A) the quantity of labor supplied will be below the quantity of labor demanded. B) unemployment will rise. C) highly-skilled workers will have a harder time finding jobs. D) All of the above are correct.
To combat a recession with discretionary fiscal policy, Congress and the president should
a. decrease government spending to balance the budget. b. decrease taxes to increase consumer disposable income. c. lower interest rates and increase investment by increasing the money supply. d. raise taxes on interest and dividends, but not on personal income.