University tuitions are normally set at market clearing levels, which is why closed enrollment announcements are necessary

An increase in wealth that doesn't affect labor supply would cause the IS curve to ________ and the FE line to ________.

A. shift up and to the right; shift left B. shift up and to the right; be unchanged C. shift down and to the left; be unchanged D. shift down and to the left; shift left

Which of the following is not listed in the book as a reason to study economics?

A. to be an informed citizen B. to understand society C. to learn a way of thinking D. to learn how to make lots of money