When a Japanese automaker makes a profit on a plant located in the United States, this enters into the U.S. balance of payments in the category of

Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labor while the price of capital remains unchanged?

A) the movement from BF to CE B) the movement from BF to BD C) the movement from AF to BD D) the movement from AF to CE

The unique equilibrium output level in the short-run is found at the intersection of the following curves

A) aggregate demand and aggregate supply B) aggregate demand and 45 degree line C) aggregate supply and 45 degree line D) aggregate demand and short-run aggregate supply E) aggregate supply and long-run demand