The AD curve will shift when there is a change in:
A. the inflation rate or the money growth rate.
B. the money growth rate or the velocity growth rate.
C. the real growth rate or the inflation rate.
D. the velocity growth rate or the real growth rate.
Ans: B. the money growth rate or the velocity growth rate.
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If the cost of food & beverages increases by 10 percent, then, other things the same, the CPI is likely to increase by about
a. 1.5 percent. b. 7.5 percent. c. 10 percent. d. 20 percent.
Males major in engineering much more frequently than females. Starting salaries for engineers (male or female) are much higher than average. As a result, the observed gender wage gap for all college graduates will be ________ than the gender wage gaps in specific majors because ________.
A. smaller; males and females choose different majors B. larger; of employer discrimination C. larger; males and females choose different majors D. larger; of academic discrimination