Which of the following will shift the long-run aggregate supply curve to the right?
a. Increase in the price level
b. Increase in the natural rate of unemployment
c. Decrease in per capita GDP
d. Increase in the rate of economic growth
e. Increase in the rate of inflation
d
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Which of the following expenditures would be included when we measure GDP?
A) Expenditures on illegal drugs B) Expenditures on illegal weapons C) Expenditures on medical services associated with drugs and crime D) All of the above. E) None of the above.
An increase in foreign output would cause the domestic country's net exports to ________ and cause the domestic country's IS curve to ________
A) rise; shift up B) rise; shift down C) fall; shift up D) fall; shift down
Which of the following business combinations likely exhibit economies of scope?
A) Banking services for individuals and banking services for other business B) Retail clothing stores and electronic (internet) clothing sales C) Hospitals that perform heart surgery and hospitals that perform cosmetic surgery D) all of the above
One piece of evidence that business fluctuations are caused by demand-side changes would be that
a. monetary and fiscal policy will move inversely. b. interest rates and budget deficits will move inversely. c. unemployment and inflation will move inversely. d. unemployment and budget deficits will move inversely.