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Author Question: In 2008 the money wage rate in Ireland increased by 4 percent while the price level increased by 8 ... (Read 200 times)

shenderson6

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on: Jun 29, 2018
In 2008 the money wage rate in Ireland increased by 4 percent while the price level increased by 8 percent. As a result, Ireland's
 
  A) short-run aggregate supply curve shifted leftward.
  B) short-run aggregate supply curve shifted rightward.
  C) long-run aggregate supply curve shifted rightward.
  D) short-run and long-run aggregate supply curves shifted rightward.

Question 2

The above figure shows the market for neckties after the government has imposed a tax. How much government revenue is generated by the tax?
 
  A) 1,000.00 per month
  B) 800.00 per month
  C) 500.00 per month
  D) 400.00 per month


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strudel15

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


shenderson6

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

flexer1n1

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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