Adverse shocks such as the crop failures of 1972-1973 and the oil price increases of 1974 and 1979 pushed the economy's
a. aggregate supply curve outward.
b. Phillips curve inward toward the origin.
c. aggregate supply curve inward.
d. aggregate demand curve inward.
c
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If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in three years?
A) $155,000 B) $115,000 C) $120,000 D) $133,000
Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a maximum retail price b. allowing many retailers to sell the product in each market c. compensating retailers' sales staff for demonstrating the product d. eliminate manufacturer staff that was demonstrating the product in stores
In the long run, the natural rate of unemployment depends primarily on the growth rate of the money supply
a. True b. False Indicate whether the statement is true or false
When production costs fall,
a) the aggregate-demand curve shifts to the right. b) the short-run aggregate-supply curve shifts to the right. c) the short-run aggregate-supply curve shifts to the left. d) the aggregate-demand curve shifts to the left.