An increase in productivity will cause
A. AD to decrease (move to the left).
B. AS to increase (move down and to the right).
C. AS to decrease (move up and to the left).
D. AD to increase (move to the right).
Answer: B
Economics
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Which of the following variables will not cause the market supply curve of labor to shift?
A) a change in the labor participation rate of women B) an increase in the number of people between the ages of 16 and 65 C) increases in population D) a favorable change in consumer tastes
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Refer to the above figure. Which panel represents what happens in the foreign job market in the short-run when U.S. firms substitute labor outside of the U.S. for labor inside the U.S.?
A) Panel A B) Panel B C) Panel C D) Panel D
Economics