If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected.
B. only the long-run aggregate supply curve would shift left.
C. only the short-run aggregate supply curve would shift left.
D. the long-run and short-run aggregate supply curves would both shift left.
Answer: D
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The value you give today to money you will receive in the future is called the future payment's
A) present value. B) future value. C) historical value. D) time-sensitive value.
Until 1950, the Social Security program spent ______ of its assets every year
a. less than 10 percent b. between 10 and 20 percent c. between 20 and 30 percent d. over 30 percent
A typical economic good has which one of the following characteristics?
A) The desired quantity exceeds the quantity available at a zero price. B) The quantity available exceeds the desired quantity at a zero price. C) It uses no resources to produce. D) It is never scarce.
The marginal tax rate is calculated in the following manner:
A. Taxes Paid/Taxable Income. B. Taxable Income/Taxes Paid. C. Additional Taxes Paid/Additional Taxable Income D. Additional Taxable Income/Additional Taxes Paid.