If there was an adverse technological shock which decreased the demand for labor, then
A) Imports would increase. B) GDP would increase.
C) Imports would decrease. D) GDP would decrease.
D
Economics
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Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Economics
Assume the marginal propensity to consume (MPC) is 0.80 and the government cuts taxes by $100 billion. The aggregate demand curve will shift to the:
a. right by $80 billion. b. left by $200 billion. c. right by $400 billion. d. left by $400 billion. e. None of these.
Economics