Refer to the diagram. Other things equal, a shift of the aggregate supply curve from AS 0 to AS 1 might be caused by a(n):
A. increase in government regulation.
B. increase in aggregate demand.
C. increase in productivity.
D. decline in nominal wages.
A. increase in government regulation.
Economics
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Average labor productivity is the
A) amount of workers per machine. B) amount of machines per worker. C) ratio of employed to unemployed workers. D) amount of output per worker.
Economics
Which of the following is likely to have the longest long run?
A) a beauty salon. B) a pizza parlor. C) a road construction firm. D) an airline.
Economics