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Author Question: If Rory McIlroy only earned 500 per hour playing golf instead of 1,000 per hour, what should he do? ... (Read 108 times)

littleanan

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on: Jun 30, 2018
If Rory McIlroy only earned 500 per hour playing golf instead of 1,000 per hour, what should he do?
 
  A) He should be indifferent as to who does the weed-whacking, for the difference in hourly earnings would now be insignificant.
  B) He should hire a less-productive gardener.
  C) He should do the weed-whacking himself.
  D) He should still hire the gardener.

Question 2

What three effects can alter the aggregate demand curve?
 
  What will be an ideal response?
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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kjohnson

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

D

Answer to Question 2

wealth effect, interest rate effect, international trade effect


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littleanan

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Reply #2 on: Jun 30, 2018
Thank you


kjohnson

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Reply #3 on: Jun 30, 2018
No problemo


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