Which of the following is an accurate statement concerning effects on the supply curve?
a. Few events will affect the supply curve but not the demand curve.
b. Few events will affect the equilibrium curve but not the supply curve.
c. Many events will affect the supply curve but not the demand curve.
d. Many events will affect the supply curve but not the equilibrium curve.
c. Many events will affect the supply curve but not the demand curve.
You might also like to view...
The long-run aggregate supply curve shifts right at the same time as
A) the Laffer curve shifts upward. B) the production possibilities curve shifts inward. C) the production possibilities curve shifts outward. D) the inflation rate increases.
If a consumer allocates income between goods A and B, total utility is maximized when:
a. the marginal utility of A = the marginal utility of B. b. the marginal utility of A = the marginal utility of B = 0. c. the price of A = price of B. d. marginal utility of A / price of A = marginal utility of B / price of B = 0. e. marginal utility of A / price of A = marginal utility of B / price of B.
Markets will underproduce goods that yield external benefits and overproduce those that generate external costs.
Answer the following statement true (T) or false (F)
The production function is a relationship between the amount of labor employed and
A) the wage rate paid to the workers. B) the maximum quantity of real GDP that can be produced. C) the maximum quantity of nominal GDP that can be produced. D) the amount of labor workers supply. E) all other resources at different levels of employment.