A demand-pull inflation can be described as ... shifts in the aggregate demand curve and ... shift in the short-run aggregate supply curve
What will be an ideal response?
rightward; leftward
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Economies of scale lead to declining long-run average cost curves.
Answer the following statement true (T) or false (F)
A perfectly competitive market is characterized by highly advertised goods
a. True b. False Indicate whether the statement is true or false
If the Midwest experiences a severe drought that damages the corn crops, we should expect the
a. supply of corn will increase and the price of corn will fall. b. supply of corn will decrease and the price of corn will rise. c. demand curve for corn will decrease and the price of corn will fall. d. demand curve for corn will increase and the price of corn will rise.
If the consumption schedule shifts upward and the shift was not caused by a tax change, the saving schedule:
A. will not shift. B. may shift either upward or downward. C. will shift downward. D. will also shift upward.