The aggregate supply curve will shift to the left if
a. energy prices fall.
b. technology and productivity increase in the economy.
c. the capital stock of the economy increases.
d. the money wage rate increases.
d
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If your cumulative Grade Point Average (GPA) after two years of college is 3.0, and your grades for the current semester average 3.5, what will happen to your cumulative GPA? Explain the similarity of this example to the case of marginal cost and average cost.
What will be an ideal response?
The early 1980s "Star Wars" space-based defensive weapons system was an example of _____
a. economic warfare b. a military alliance c. negative externality d. undefined property rights
The long-run aggregate supply curve shifts right if
a. either immigration from abroad increases or technology improves. b. immigration from abroad increases, but not if technology improves. c. technology improves, but not if immigration from abroad increases. d. None of the above are correct.
Over the last twenty years in the U.S., the number of banks has:
A. steadily decreased. B. stayed about the same. C. more than doubled. D. steadily increased.