An increase in the value people place on their actual time spent working will shift the labor ________ curve to the ________.
A. supply; right
B. demand; left
C. supply; left
D. demand; right
Answer: A
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a. True b. False
Why do long lags make discretionary policy less effective?
What will be an ideal response?
A typical indifference curve
A. shifts out if income increases. B. shows that as a consumer has more of a good he is less willing to exchange it for one unit of another good. C. shows all combinations of goods that give a consumer the same level of utility. D. both a and b E. all of the above
Economic growth in Cuba has been slow. What can best explain the slow growth?
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