As the wage rate increases for computer programmers, the
a. supply curve for computer programmers will shift to the right
b. supply curve for computer programmers will shift to the left
c. demand curve for computer programmers will shift to the left
d. minimum wage will fall in this labor market
e. supply curves for workers in similar industries will shift to the left
E
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Suppose your bank pays you 4 percent interest per year on your savings account, so that $1,000 grows to $1,040 over a one-year period
If prices increase by 1 percent per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year? A) $0 B) $10 C) $30 D) $50
A change in which of the following will cause the aggregate demand curve to shift?
a) energy prices b) productivity rates c) consumer wealth d) prices of inputs e) prices of consumer goods