An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply.
B. increase in aggregate demand.
C. increase in short-run aggregate supply.
D. decrease in aggregate demand.
Answer: D
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Any policy change that reduced the natural rate of unemployment would
a. shift the long-run Phillips curve to the left. b. shift the long-run aggregate-supply curve to the right. c. improve the functioning of the labor market. d. All of the above are correct.
Which would most likely increase aggregate supply?
a. A decrease in net exports b. A decrease in the prices of resources c. An increase in the degree of excess capacity d. A decrease in subsidies for businesses
Which is the single most important source of U.S. economic growth?
A. Stability of the sociocultural-political environment. B. Increases in labor productivity. C. Improvement in the legal and human environment. D. Increases in the quantity of labor.
Which of the following statements about stock market brokers and dealers is TRUE?
A) Brokers earn commissions from trading stocks but dealers try to profit from trading stocks. B) Brokers try to profit from trading stocks but dealers earn commissions from trading stocks. C) Both brokers and dealers earn commissions from trading stocks. D) Both brokers and dealers try to profit from trading stocks.