Autoworkers negotiate a wage increase. How does this change affect the supply curve of? cars?
A) It shifts the supply curve leftward.
B) It shifts the supply curve rightward.
C) It does not shift the supply curve or create a movement along it.
D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all.
E) It creates a movement downward along the supply curve.
A) It shifts the supply curve leftward.
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The effects of financial deregulation on the IS and LM curves ________ the volatility of interest rates as the curves shift, such as the change in the amount that the interest rate must ________ when the Fed conducts open market purchases
A) decrease, rise B) decrease, fall C) increase, rise D) increase, fall
The defining characteristic of oligopoly is that each firm
a. produces the same output as its rivals b. acts independently of its rivals c. is mutually interdependent d. is atomistic e. advertises how its products are different from its rivals' products