If the price level falls and the money wage rate does not change, some firms ________ and there is ________
A) shut down; a leftward shift of the aggregate supply curve
B) start up; a rightward shift of the aggregate supply curve
C) start up; an increase in potential GDP
D) shut down; a decrease in the quantity of real GDP supplied
E) shut down; a decrease in potential GDP
D
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Over the past several decades in the United States, the labor-force participation rate of women has
a. increased, and the labor-force participation rate of men has increased. b. increased, and the labor-force participation rate of men has decreased. c. decreased, and the labor-force participation rate of men has increased. d. decreased, and the labor-force participation rate of men has decreased.
An indifference curve between one dozen eggs and several dozens of eggs would be
A) bowed in to the origin. B) bowed out from the origin. C) a downward sloping straight line. D) a straight line from the origin.