What is the effect on aggregate supply and potential GDP of an increase in the money wage rate?
What will be an ideal response?
An increase in the money wage rate decreases aggregate supply and shifts the aggregate supply curve leftward. It has no effect on potential GDP.
Economics
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All of the following are income in kind EXCEPT
A) government provided housing. B) government provided education. C) tips received by a waitress. D) goods produced in the home.
Economics
Yolanda wants to expand her microbrewery business by buying out a competitor and is going to sell newly-issued corporate bonds to do so. This is an example of using ________ for her expansion plans
A) direct finance B) indirect finance C) coupon payments D) retained earnings
Economics