A short-run production function was estimated asQ = ?0.002L3 + 0.16L2At what level of labor usage does the maximum average product occur?

An increase in the demand curve for orange juice would be illustrated as a

A) leftward shift of the demand curve. B) rightward shift of the demand curve. C) movement up along the demand curve. D) movement down along the demand curve.

The interest rate effect states that an increase in the price level will cause:

a. a decline in the interest rate. b. a decrease in investment and aggregate expenditures. c. an increase in the equilibrium level of income. d. a decrease in the supply of financial assets. e. an increase in real wealth.