Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2.
B. P1 and Y2.
C. P4 and Y2.
D. P1 and Y1.
Answer: B
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Which figure above shows the effect of a technological advance in the production of pizza?
A) Figure A B) Figure B C) Figure C D) Figure D E) Both Figure A and Figure D
A depreciation of the U.S. dollar would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Lately, the ratio of debt to GDP has been
a. rising at a small rate. b. rising steadily. c. falling modestly. d. staying constant.
The commercial jetliner industry consisting of Boeing and Airbus would best be described as a (an)
a. perfectly competitive market. b. monopolistically competitive market. c. oligopoly. d. monopoly.