Which of the following causes the aggregate supply curve to rise?
a. An increase in a nation's level of productivity.
b. A decrease in input prices.
c. An increase in the value of the domestic currency.
d. All of these answers are correct.
.D
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Use the figure below to answer the following question.
The figure above shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S3?
A. a tax on wheat production B. a decrease in the price of wheat C. an increase in the price of wheat D. a subsidy for wheat production
The ________ analysis considers the ability of domestic and foreign prices to adjust to devaluation in the short run
A) pass-through B) absorption C) adjustment mechanism D) currency contract period
Changes in business inventories are part of private investment spending
a. True b. False
If the price of inputs rises and personal income taxes rise:
a. Price index rises, and real GDP rises. b. Price index rises, and real GDP falls. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. The change in price index is uncertain, and real GDP falls.