Which would most likely increase aggregate supply?
A. An increase in the prices of imported products
B. An increase in productivity
C. A decrease in business subsidies
D. A decrease in personal income taxes
B. An increase in productivity
You might also like to view...
The concept of "the invisible hand" suggests that
A) products are produced out of a seller's sense of charity. B) when the seller is better off, the buyer is worse off. C) sellers exploit consumers with high prices. D) buyers and sellers are self-interested. E) the command system is the only way of efficiently allocating resources.
Suppose the real gross domestic product (GDP) equals $200 billion this year and the nominal gross domestic product (GDP) equals $300 billion. This implies that the price level has increased by _____
a. $100 billion b. $200 billion c. 50 percent d. 100 percent e. 33 percent
The clearest sign of economic growth is a(n)
a. increase in nominal GDP. b. increase in real GDP. c. decrease in nominal GDP. d. increase in nominal GDP.
1.The foundation for economic progress is a _____ ______ that protect ______ ____ _______ and enforces _______ in an _____ _____
Fill in the blank(s) with the appropriate word(s).