Which of the following changes aggregate supply and shifts the aggregate supply curve?
i. change in the price level
ii. change in potential GDP
iii. change in the money wage rate
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
D
Economics
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A proportional tax is a tax whose rate increases as the tax base widens
a. True b. False Indicate whether the statement is true or false
Economics
A firm should hire an additional worker as long as:
a. the marginal cost of employing an additional worker is positive. b. the additional revenue from employing the worker is higher than the firm's average cost of production. c. the marginal cost of employing an additional worker exceeds the marginal benefit to the firm. d. the additional revenue from employing the worker exceeds the additional cost of employing the worker.
Economics