In an Israeli factory, each worker can produce 2/5 of a shirt in an hour or 1/3 of a pair of pants in an hour. If there are 500 workers in the factory, then the maximum number of shirts that can be made in an hour is

An increase in the U.S. price level (foreign prices held constant) will cause a leftward shift in the aggregate demand curve

a. True b. False Indicate whether the statement is true or false

Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in demand and an increase in quantity supplied are represented by a movement from:

A. point b to point a. B. point c to point d. C. point d to point a. D. point b to point d.