An increase in the per unit costs of production within an economy will cause the aggregate supply curve to shift to the right
a. True
b. False
Indicate whether the statement is true or false
False
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Between September 2013 and September 2014 the number of discouraged workers decreased from 852,000 to 698,000. Assuming the change resulted from discouraged workers starting to make specific efforts to find a job again, this change creates
A) an increase to the U-3 unemployment rate. B) a decrease to the U-3 unemployment rate. C) no change to the U-3 unemployment rate. D) a decrease in the labor force participation rate.
The unregulated, single-price monopolist illustrated in the figure above will produce
A) 0 units per day. B) 4 units per day. C) 6 units per day. D) 9 units per day.
Refer to Scenario 2. If the age of a house is 25 years with 1,500 square feet, what is the estimated market value of the house?
What will be an ideal response?
If in some year nominal GDP was $28 trillion and real GDP was $32 trillion, what was the GDP deflator?
a. 87.5. b. 114.3. c. 400. d. 896.