If an active approach is followed in closing an expansionary gap, _____
a. the aggregate demand curve would shift rightward
b. the aggregate demand curve would shift leftward
c. the short-run aggregate supply curve would shift rightward
d. the short-run aggregate supply curve would shift leftward
e. there would be a movement up and to the left along the short-run supply curve
b
Economics
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The figure above shows the labor market in a region. If a minimum wage of $8 an hour is imposed, then there are ________ unemployed workers
A) 20,000 B) 40,000 C) 60,000 D) 80,000 E) zero
Economics
The following national income data are in billions of dollars.
Refer to the above data. Personal income in this economy is:
A.
$621 billion
B.
$656 billion
C.
$705 billion
D.
$716 billion
Economics