Any factor that increases resource availability causes a(n)
a. increase in AD
b. decrease in AD
c. increase in AS
d. decrease in AS
e. movement to the right along the existing AS curve
C
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Which of the following transactions directly leads to a surplus on the U.S. capital and financial account?
A) An American purchases a share of stock on the Tokyo exchange. B) An American sells wheat to an African nation. C) A Japanese resident purchases a U.S. government bond. D) A resident of France visits the United States.
Government regulations that deal with financial crises tend to become less effective over time.
Answer the following statement true (T) or false (F)
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. The market for baseball players suffers from adverse selection because ________ the used car market, buyers (potential new teams) ________ goods (pitchers) that are lemons (low quality).
A. unlike; have difficulty identifying B. like; have difficulty identifying C. unlike; can more easily identify D. like; can more easily identify
An inflationary gap occurs when
A) aggregate demand falls, but other things remain constant. B) short-run aggregate supply falls, but other things remain constant. C) the short-run equilibrium level of real GDP is greater than long-run aggregate supply. D) the short-run equilibrium level of real GDP is less than long-run aggregate supply.