A(n) ________ in inflationary expectations that causes firms to decrease their prices shifts the aggregate supply curve to the ________.
A. decrease; right
B. increase; right
C. increase; left
D. decrease; left
Answer: A
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According to the textbook application, California’s urban smog problem
a. diminished because of the responsiveness of U.S. automobile manufacturers b. was never addressed by state legislation c. was linked through scientific study to auto emissions in the 1950s d. all of the above
Which of the following statements is false?
A. The list of stocks that are included in the Dow Jones Industrial Average changes from time to time, and is determined by the editors of the Wall Street Journal. B. The Dow Jones Industrial Average first appeared on the scene in 1896. C. When the Dow Jones Industrial Average was first computed, prudent investors bought bonds, not stocks. D. The Dow Jones Industrial Average is computed by summing the prices of the thirty stocks included in the average and dividing by 30.
Which of the following will increase a country's real GDP per person?
a. imposing restrictions on foreign trade and foreign investment b. imposing restrictions on foreign trade and reducing restrictions on foreign investment c. reducing restrictions on foreign trade and imposing restrictions on foreign investment d. reducing restrictions on foreign trade and foreign investment
Externalities are a measure of the divergence between social costs and private costs.
Answer the following statement true (T) or false (F)