If an economy operates at a short-run equilibrium output that exceeds its long-run capacity, which of the following will be most likely to direct the economy toward full employment?
a. Improvements in technology will shift the LRAS curve to the right.
b. Resource prices will increase, causing the SRAS curve to shift to the left.
c. The unemployment rate will increase, causing the economy's aggregate supply curve to shift to the right.
d. Interest rates will decline, shifting the aggregate demand curve to the right.
B
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Refer to Figure 7-1. The efficient equilibrium quantity is ________ thousand vaccinations
A) 100 B) 200 C) 300 D) >300
The minimum-leverage-ratio approach to capital adequacy requirements
A) has been dominant since the 1930s. B) was phased out in the 1990s. C) was adopted in the 1990s. D) has never been implemented.
If the marginal propensity to save (MPS) is 0.5 and net exports falls by $100 million, then
A) real Gross Domestic Product (GDP) will increase by $100 million. B) real Gross Domestic Product (GDP) will fall by $200 million. C) real Gross Domestic Product (GDP) will not change. D) the effect on real Gross Domestic Product (GDP) cannot be determined from the given information.
An amusement tax of $1 on every ticket sold to a concert is an example of a(n)
a. poll tax b. progressive tax c. unit tax d. income tax e. property tax