26. Claire usually makes $2,500 per month, but she just got a raise, and now makes $3,000 per month. After getting the raise, she decided to splurge and buy a new TV, which cost $300. What is her MPC? 0 0.1 O 0.0667 Report an Em 0 0.6 O 04 27. Which of the following factors does NOT cause a shift in the overall labor supply? Report an Changes in technology Changes in work leisure preferences Changes in population Changes in income 28. What does it mean when the demand for labor shifts to the right? Lower taxes will be charged on goods and services. Higher taxes will be charged on goods and services. Firms are now willing to pay lower wages per hour of labor Firms are now willing to pay higher wages per hour of labor. MacBook Pro 29. This image shows two aggregate supply curves, AS1 and AS2. Which of the following statements accurately describe AS2 ASI Price Level Economic Output (Real GDP) AS1 is Keynesian because it shows less price and wage flexibility Both curves are Keynesian AS2 is Classical because it shows less price and wage flexibility AS1 is Classical because it shows more price and wage flexibility AS2 is Keynesian because it shows less price and wage flexibility, 30. Which of the following statements is true regarding changing economic conditions? The economy can get stuck above or below its potential because The economy tends to always be at its potential and is se MacBook Pro MAIL: flexibility 30. Which of the following statements is true regarding changing economic conditions? The economy can get stuck above or below its potential because prices and wages don't adjust quickly. The economy tends to always be at its potential and is self correcting The economy can get stuck above its potential because prices fall too low Recessionary gaps are caused by shortages in the labor market.