Upward shifts are
a. increases in both demand and supply
b. decreases in both demand and supply.
c. increases in demand and decreases in supply.
d. increases in supply and decreases in demand.
c
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Which of the following is not true?
a. In the 1950s, federal defense expenditures were larger than federal human resource expenditures.
b. In 1995, federal defense expenditures were less than five percent of GDP.
c. Federal expenditures on defense exceeded federal human resource expenditures until 1989.
d. Federal defense expenditures have been declining continuously since the 1950s.
The short run is a time period such that: a. the existing firms in the industry do not have sufficient time to adjust the quantity of any inputs which they employ. b. the existing firms in the industry do not have sufficient time to adjust their current rate of output
c. new entrants have sufficient time to build factories and enter the industry. d. the existing firms in the market do not have sufficient time to increase the size of their existing plants or build new factories.
Because a government budget deficit represents
a. negative public saving, it increases national saving. b. negative public saving, it decreases national saving. c. positive public saving, it increases national saving. d. positive public saving, it decreases national saving.
Across the globe, exchange rate regimes are:
a. mostly fixed. b. a mix of fixed and floating. c. mostly floating. d. hard to pinpoint.