Refer to Figure 24-2. Ceteris paribus, a decrease in the price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
D
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How can a warranty at the seller's expense signal that a product is high quality?
What will be an ideal response?
An increasing marginal product of labor would be most commonly found
a. at high levels of employment b. in perfect competition c. at low levels of employment d. when a product price is rising e. when a product price is falling
Other things being equal, an increase in the rate of interest causes
a. an upward movement along the demand for money curve. b. a downward movement along the demand for money curve. c. a rightward shift of the demand for money curve. d. a leftward shift of the demand for money curve.
Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happen to the unemployment rate and the labor force participation rate LOADING... if homemakers were included in these? numbers?
What will be an ideal response?