Based on the data in the table above, the economy will be in short-run equilibrium at a price level of

An activity known as shirking is least likely to occur when

a. workers are not monitored. b. all workers are paid the same wage rate. c. the earnings of workers are closely tied to the worker's output. d. the firm is organized as a corporation.

Tyler and Camille both live in Oklahoma. A new-car dealer in Oklahoma bought a new car from the manufacturer for $18,000 and sold it to Tyler for $22,000 . Later that year, Tyler sold the car to Camille for $17,000 . By how much did these transactions contribute to U.S. GDP for the year?

a. $18,000 b. $22,000 c. $39,000 d. $57,000