A reduction in regulation will shift the aggregate:
A. supply curve leftward.
B. supply curve rightward.
C. demand curve leftward.
D. demand curve rightward.
Answer: B
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What do economists mean when they refer to inflation as "general increase in the prices of goods and services."
A. Some prices are rising, some prices are falling, and some prices are constant, but on average, prices are increasing. B. Some prices are rising, some prices are falling, and some prices are constant, but on average, prices are decreasing. C. All prices are rising. D. All prices are falling.
The exchange rate affects the trade in goods and services between California and NewYork
a. True b. False Indicate whether the statement is true or false
Special interest groups are a determent to the political process.
A. True B. False C. Uncertain
Michael can buy either pizzas or submarine sandwiches. If the prices of pizzas and submarine sandwiches double and Michael's money income triples, we can conclude that Michael's budget constraint will
A. shift out but remain parallel to the old one. B. remain unchanged. C. shift in but remain parallel to the old one. D. swivel in so that the slope of the budget constraint is doubled.