If the economy receives an influx of new workers from immigration,
A) the long-run aggregate supply curve will shift to the right.
B) the long-run aggregate supply curve will shift to the left.
C) we will move up along the long-run aggregate supply curve.
D) we will move down along the long-run aggregate supply curve.
Answer: A
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Theory is to data as
A) economics is to the price of iPads. B) economics is to art. C) economics is to sociology. D) accounting is to economics.
One way the government could try to move people toward making choices with a socially desirable outcome would be to:
a. marginalize private benefits. b. require education on the topic. c. provide subsidies. d. legislate socially desirable options.
Most financial markets in the United States operate under a system:
A. where it depends on which state where the financial market is located since some states do not have any regulations. B. without any formal rules or regulation. C. with many rules and regulation to ensure a fair market. D. that is totally controlled by the federal government.
Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.
Figure 23.11Refer to Figure 23.11. The equation for the aggregate expenditure function AE0 is
A. AE0 = 50 + 0.6Y. B. AE0 = 50 + 0.4Y. C. AE0 = 80 + 0.6Y. D. AE0 = 50 + 0.75Y.