Economic growth can be shown by
A) a rightward shift in the aggregate supply curve.
B) a leftward shift in the aggregate supply curve.
C) a leftward shift in the production possibilities curve.
D) no change in the aggregate supply curve.
A
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Railroad deregulation led to higher prices for railroad service
Indicate whether the statement is true or false
Refer to the graphs shown. Suppose the price of a good that is a substitute in both consumption and production for the good depicted in the graph falls. The expected shifts in supply and demand are shown in:
A. a. B. b. C. c. D. d.
Macroeconomics would be concerned with
A. the effects of a tax on beer. B. the effects on individual consumers of changes in the price of gasoline for a business. C. implications of changes in unemployment and inflation. D. the effects of wage increases on steel manufacturers.
A single payer system in the United States would
A. likely fail because no other nations have tried it. B. decrease availability of health care services to those who are currently uninsured. C. likely increase the waiting time for certain procedures. D. necessitate a tax cut.