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Author Question: Figure 4.4 illustrates the supply of tacos. A decrease in the supply of tacos is represented by a ... (Read 185 times)

mwit1967

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on: Jun 30, 2018
Figure 4.4 illustrates the supply of tacos. A decrease in the supply of tacos is represented by a movement from
 
  A) point a to point b. B) point c to point b. C) S0 to S1. D) S2 to S1.

Question 2

If at a given wage, the quantity supplied of labor exceeds the quantity demanded of labor:
 
  A) the wage rate will fall. B) the wage rate will increase.
  C) the aggregate price index will rise. D) the aggregate price index will fall.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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mohan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


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