Suppose there is a labor shortage. Wages will ____ and the SRAS curve will shift ____

a. rise; left
b. fall; left
c. fall; right
d. rise; right

Ans: a. rise; left

Economics

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A monopoly will price its product:

a. where total revenue is maximized. b. where total costs are minimized. c. at that point on the market demand curve corresponding to an output level in which marginal revenue equals marginal cost. d. at that point on the market demand curve which intersects the marginal cost curve.

Economics

Which of the following is true if yt= +++

data-wiris-created="true" src="@@PLUGINFILE@@/ppg__cognero__Ch_11_Further_Issues_in_Using_OLS_with_Time_Sries_Data__media__182818c4-d02e-429a-b2b3-cdce7c1afa0f.PNG" style="vertical-align:middle;" /> + utis a dynamically complete model? A. E(yt| xt,yt -1, xt -1) = E(yt| xt,yt -1, xt -1,……)  B. E(yt| xt,yt -1, xt -1) = 0 C. E(yt| xt,yt -1, xt -1)  = E(yt -1) + E(xt) + E(xt -1) D. E(yt| xt,yt -1, xt -1)  = E(yt)  

Economics