Author Question: If Rory McIlroy only earned 500 per hour playing golf instead of 1,000 per hour, what should he do? ... (Read 99 times)

littleanan

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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?


kjohnson

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Answer to Question 1

D

Answer to Question 2

wealth effect, interest rate effect, international trade effect



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