Graphically inflation shocks shift the ________ and shocks to potential shift the ________.
A. long-run aggregate supply line; short-run aggregate supply line
B. aggregate demand curve; long-run aggregate supply line
C. aggregate demand curve; short-run aggregate supply line
D. short-run aggregate supply line; long-run aggregate supply line
Answer: D
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Suppose the U.S. GDP growth rate is faster relative to other countries' GDP growth rates. This will
A) shift the aggregate demand curve to the left. B) move the economy up along a stationary aggregate demand curve. C) shift the aggregate demand curve to the right. D) move the economy down along a stationary aggregate demand curve.
Refer to Table 9-11. With trade, what is the total gain in clock production?
A) 150 B) 300 C) 2,100 D) 2,250
Why is plowback the overwhelming favorite among choices of sources of funds for financing corporate investment?
If the production of computer chips yields greater technology spillovers than the production of potato chips, the government should
a. encourage the production of computer chips with subsidies. b. discourage the production of potato chips with taxes. c. encourage the production of potato chips with subsidies. d. discourage the production of computer chips with taxes.