The exact change in equilibrium output due to a shift in short-run aggregate demand depends on:
a. the amount of tax imposed
b. the steepness of the aggregate supply curve
c. the steepness of the aggregate demand curve
d. the gap between the supply curve and the demand curve.
e. the consumption pattern in the economy.
b
You might also like to view...
If the wage rate is ________ the value of marginal product, a firm can increase its profit by ________
A) greater than; selling an extra unit of output B) less than; selling one less unit of output C) less than; hiring an extra worker D) less than; hiring one less worker
Points on the same utility curve are
A. points where the person is indifferent between bundles on the line. B. points where utility is maximized. C. never possible. D. known as "points of light."
Which of the following would NOT be considered unemployed?
A. a job leaver who is looking for a better job B. a new entrant to the labor force C. an individual fired by her employer D. a newly retired worker
Small savers who only have enough money to buy a few individual financial assets can use ________ to diversify
A) one company's stock B) one company's bonds C) Treasury securities D) mutual funds