Suppose the economy is in long-run equilibrium. If the government increases its expenditures, eventually the increase in aggregate demand causes price expectations to
a. rise. This rise in price expectations shifts the short-run aggregate supply curve to the right.
b. rise. This rise in price expectations shifts the short-run aggregate supply curve to the left.
c. fall. This fall in price expectations shifts the short-run aggregate supply curve to the right.
d. fall. This fall in price expectations shifts the short-run aggregate supply curve to the left.
b
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In the Borda-count voting method, irrelevant alternatives are never an issue
Indicate whether the statement is true or false
Tucker Corporation sells its product for $5.00. Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is:
A. $5.00 or less per hour. B. $1.00 or more per hour. C. $25.00 or less per hour. D. more than $25.00 per hour.