A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each. At a price of $20.00, the t-shirt maker would be willing to supply 100 t-shirts. Using the midpoint method, the price elasticity of supply for t-shirts is about

Which is not an example of M1 money?

a. currency b. a mutual fund c. travelers' checks d. a checking account

Suppose that the labor movement has a revival in the United States and the majority of workers join labor unions. As a result we would expect

A) the unemployment rate to fall. B) the unemployment rate to rise. C) no change in the unemployment rate, but a decrease in the natural rate of unemployment. D) an increase in the unemployment rate, but a decrease in the natural rate of unemployment.