If the price of output decreases, the labor ________ curve shifts to the ________.

A. demand; left
B. demand; right
C. supply; left
D. supply; right

Answer: A

Economics

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During the late 1960s, real GDP increased, unemployment fell, and the inflation rate started to rise. Which would have been the appropriate federal government policy combination to improve economic performance by lowering the inflation rate?

A) increase government expenditures, decrease taxes, increase the quantity of money B) increase government expenditures, decrease taxes, decrease the quantity of money C) decrease government expenditures, increase taxes, decrease the quantity of money D) do not change government expenditures or taxes , increase the quantity of money E) increase government expenditures, decrease taxes, do not change the quantity of money

Economics

Jack is traveling to Southeast Asia, Mariko has planned a visit to the Amazon, and Joe has to travel to Seattle for an advertising campaign. In the given scenario, which of the following statements is true?

a. Jack should use credit cards, Mariko should use traveler's checks, and Joe should use cash. b. Jack should use traveler's checks, Mariko should use credit cards, and Joe should use cash. c. Jack should use cash, Mariko should use traveler's checks, and Joe should use credit cards. d. Jack should use traveler's checks, Mariko should use cash, and Joe should use credit cards.

Economics