Sticky wages and input prices can explain why profits change along a short run aggregate supply curve
a. True
b. False
Indicate whether the statement is true or false
True
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In the short-run if there is a surplus in the market for a product, the rationing function of price can be expected to cause
A) an increasing shift in the demand for the product. B) a decreasing shift in the supply of the product. C) an increase in the market price of the product. D) a decrease in the market price of the product.
Saving is disposable personal income spent on investment
a. True b. False Indicate whether the statement is true or false
Which of the following is not an example of a graph of a single variable?
a. a pie chart b. a bar graph c. a time-series graph d. a scatterplot
John Maynard Keynes concluded that investment spending is not determined by
A. business confidence. B. government incentives. C. psychological perceptions about the economy. D. economic expectations.