For low wages, the leisure demand curve slopes ______; for higher wages it slopes ______.

A tax rate cut, increase in government purchases, and creating an investment tax credit would shift: a. only the aggregate demand curve

b. only the aggregate supply curve. c. both the aggregate supply and aggregate demand curves. d. neither the aggregate supply nor the aggregate demand curve.

When choosing between fair price and marginal cost regulation for a natural monopoly, regulators must choose between

a. c and d b. c and e c. two different price and quantity combinations d. efficiency and equity e. possible cost drift and subsidization