Which of the following shifts the aggregate supply curve to the left?
a. An improvement in computer technology
b. A war that forces people to ration their food and their use of energy
c. An increase in real wage rates
d. Discovery of a new oil field
e. Lower oil prices in the world market
c
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The immediate effect of a member bank's sale of U.S. government securities to the Fed is
a. an increase in that bank's required reserves. b. a decrease in that bank's required reserves. c. an increase in that bank's excess reserves. d. a decrease in that bank's excess reserves.
The difference between consumption spending and disposable income _
What will be an ideal response?
Bob's Barber Shop cut 3,000 heads of hair in 2014 and 3,100 in 2015. The price of a haircut was $7 in 2014 and $8 in 2015. If 2014 is the base year, what was Bob's contribution to real GDP in 2014?
A. $21,700 B. $24,000 C. $21,000 D. $24,800
The supply curve for a monopolist is the upsloping portion of the marginal cost curve that lies above the average variable cost curve.
Answer the following statement true (T) or false (F)