Which of the following will NOT cause a leftward shift in the Long-Run Aggregate Supply curve?
A) a reduction in the amount of capital B) a reduction in government spending
C) a reduction in the amount of oil D) a net outflow of human capital
B
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If firms in monopolistic competition are earning economic profits, then
A) they can expect to earn the profits indefinitely. B) new rivals enter the industry, and the demand for any seller's good decreases. C) the market demand becomes more inelastic. D) the industry is in long-run equilibrium. E) new rivals enter the industry, and the demand for any seller's good increases.
In order for bubbles to occur, expectations of a price increase usually_______demand and ______supply
a. Increases; Increases b. Increases; Decreases c. Decreases; Increases d. Decreases; Decreases
Which of the following appears on the liability side of the Fed's balance sheet?
a. Federal Reserve notes. b. U.S. government securities. c. Loans to banks. d. All of these.
A short-run total cost schedule is a total variable cost schedule shifted ________ by the amount of total fixed cost cost.
A. upward B. to the right C. downward D. to the left