About ________ of recent annual population growth in the United States is the result of immigration
A. one-tenth
B. one-fifth
C. one-third
D. one-half
Answer: C
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A natural monopolist that sets prices equal to marginal cost will:
A. incur losses. B. have zero profit. C. still make a positive economic profit. D. be government owned.
After a temporary adverse supply shock hits the economy, general equilibrium is restored by
A. a shift up and to the left of the LM curve. B. a shift to the left of the FE line. C. a shift down and to the left of the IS curve. D. a shift down and to the right of the IS curve.
Refer to the diagram and assume that prices and wages are flexible both upward and downward in the economy. In the extended AD-AS model:
A. demand-pull inflation would involve a rightward shift of curve A, followed by a leftward shift of curve C.
B. cost-push inflation would involve a rightward shift of curve A, followed by a leftward shift of
curve C.
C. recession would involve a leftward shift of curve A, followed by a leftward shift of curve C.
D. recession would involve a rightward shift of curve D, followed by leftward shifts of curves A
and C.
Assuming all else equal, if the marginal product of labor rises, ________
A) there is a rightward movement along the labor demand curve B) the labor demand curve shifts to the right C) there is a leftward movement along the labor demand curve. D) the labor demand curve shifts to the left