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Assuming aggregate demand remains constant, supply shocks that cause a leftward shift in the aggregate supply curve will------.
Select one:
a. increase both prices and the rate of unemployment
b. decrease the rate of unemployment
c. increase real output
d. decrease prices
Which one of the following macro-economic variable should be excluded in a Keynesian model of a closed economy without government
Select one:
a. Savings
b. Government spending
c. Investment
d. Induced consumption
Margarita Robotics has a daily production function given by Q= K 0.5 L 0.5, where K is the monthly of hours of use for a precision lathe (capital) and L is the monthly number of machinist hours (labor). Suppose that each unit of capital costs $40 and each unit of labor costs $10
8) How do many low- and middle-income countries get into serious foreign-debt problems, and what are the implications of debt problems for economic development? How do financial crises affect development?
Gross profit equals to?
13) What is microfinance, and what are its potential and limitations for reducing poverty and spurring grassroots development?
