A recent breakthrough in the field of genetics will allow scientists to insert into banana trees a human gene that protects against deadly childhood diseases. This is an important breakthrough for some less-developed countries because they cannot afford the traditional vaccines for these diseases. What effect might this breakthrough have on these countries' aggregate supply curves?
This breakthrough will decrease mortality rates, leading to an increase in the supply of labor, and eventually shift the aggregate supply curve to the right.
Economics
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The lower the price, the lower the producer surplus, all else equal
a. True b. False Indicate whether the statement is true or false
Economics
whoever does it the cheapest
What will be an ideal response?
Economics
Which of the following is NOT mentioned as a difficulty the Fed faces when trying to affect aggregate demand in the short run?
A. Lack of direct control B. Lagged results C. Sticky wages and prices D. Incomplete data
Economics
Transfer payments are cash payments made by ________ directly to ________.
A. the government; households B. households; firms C. firms; households D. firms; the government
Economics