Which of the following changes aggregate supply and shifts the AS curve? i. a change in the price of a major resource ii. increases in the amount of capital iii. a change in the money income of consumers
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
D
You might also like to view...
The table above gives the cost of producing T-shirts. The total fixed cost is ________ and the marginal cost of increasing production from 5 to 6 T shirts is ________
A) $20; $6 B) $20; $10 C) $10.40; $8 D) unable to be determined; $8
______ are end results that require action
a. Goals b. Attitudes c. Values d. Problems
Suppose a national government increased its deficit and had to borrow $25 billion. The net effect on the banking system would be to:
a. Reduce bank reserves by $25 billion and reduce bank deposits by $25 billion. b. Increase bank reserves by $25 billion and increase bank deposits by $25 billion. c. Decrease government checking accounts in the banking system by $25 billion and increase the public's checking accounts there by $25 billion. d. Increase government checking accounts in the banking system by $25 billion and increase the public's checking accounts there by $25 billion. e. Increase government checking accounts in the banking system by $25 billion and reduce the public's checking accounts there by $25 billion.
The deficit in the U.S. current account in recent years has been reinforced by a deficit in the U.S. capital account
Indicate whether the statement is true or false