Restrictive monetary policy
Select the right answer of the question. A restrictive monetary policy is designed to shift the: A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward
I have a problem in economics on the topic of Production. Please help me in the following question. The economy operating on its production possibilities frontier is as: (1) At full employment. (2) Technologically proficient. (3) Maximizing the output
Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings
When a purely competitive industry is into long run equilibrium, in that case a typical firm can: (w) earn normal accounting profit although only zero economic profit. (x) incur economic losses when these are offset by accounting prof
The quantity dinner salads demanded is 100 everyday while Café Les Gourmands charges a price of $1.80, although when price drops by $1, quantity demanded is one hundred fifty. The price elasticity of demand for dinner salads at such restaurant
I have a problem in economics on most likely resources in short run. Please help me in the following question. The most probable of the given resources to be fixed for the farmer in short run would be: (1) Land. (2) Labor. (3) Fertilizer. (4) All the above would be of
In a negative income tax system, where a combining fundamental income floor with low marginal tax rates gives in: (w) reduced incentives for “voluntary poverty.” (x) higher minimal standards of living for the poor. (y) an
Assume a neither firm possessesing both the monopsony power as an employer and market power in its output market, however which can neither wage discriminate nor the price discriminate. In equilibrium, in its labor market for the workers, the following variables the m
Provide the solution of this question. A COLA is a clause in a collective bargaining agreement that: 1) specifies that one or more soft drink machines be available in each plant. 2) requires nonunion workers nevertheless to pay union dues. 3) automatically adjusts vac
The demand for labor is more elastic the: (i) larger labor costs are like a proportion of total costs. (ii) shorter the time interval considered. (iii) greater the supply of labor. (iv) more difficult this is to substitute one resource for another. (v
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