Moving upward along the aggregate supply curve is equivalent to
A) moving downward along the short-run Phillips curve.
B) shifting the short-run Phillips curve leftward.
C) shifting the short-run Phillips curve upward.
D) moving upward along the short-run Phillips curve.
E) shifting the short-run Phillips curve rightward.
D
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If the World Bank makes loans to nations that can attract private funds
A) the increase in growth in that nation will spill over to other nations that are developing. B) the presence of the World Bank's loans will lead to even more private funds being attracted to that country. C) the World Bank's loans will crowd out the private funds made to developing nations to encourage economic growth. D) these loans will interfere in the private market for capital goods and can lead to inefficient investment.
Explain the cost advantage of a firm operating at constant returns to scale
When economists attempt to predict the spending patterns of U.S. households, they will typically view the _________ as a primary determining factor that influences the individual consumption choices that each will make.
A. national average spending level B. national average savings level C. income level of each household D. nation's perennial political debate
Assume that good X and good Y each have diminishing marginal utility for a consumer. In this case,
A. an indifference curve linking the two goods will have a constant slope. B. the demand curves for these goods will be positively sloped. C. an indifference curve will be convex to the origin. D. the demand curves for these goods will be horizontal.