From an initial long-run equilibrium, if aggregate demand grows more slowly than long-run and short-run aggregate supply, then Congress and the president would most likely
A) increase the required reserve ratio and decrease government spending.
B) decrease government spending.
C) decrease oil prices.
D) decrease taxes.
E) lower interest rates.
Answer: D
Economics
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In the figure above, with international trade ________ million shirts per year are produced in the United States
A) 48 B) 32 C) 16 D) 20
Economics
If a minimum wage is set above the equilibrium market wage,
A) lower-skilled workers will have an easier time finding jobs. B) the quantity of labor demanded will be below the quantity of labor supplied. C) the quantity of labor supplied will be below the quantity of labor demanded. D) highly-skilled workers will have a harder time finding jobs.
Economics