if advertising causes more people to want red baron frozen cheese pizzas, demand will increase. now the initial demand curve no longer represents the demand. instead, the new demand curve represents the new demand for red baron frozen cheese pizzas. economists call this

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Explain the relationship between consumers and producers in economic growth and activity

Why is efficiency an important economic goal?