Long-run aggregate supply will decrease for all of the following reasons EXCEPT
A) reduced money wages.
B) decreased human capital.
C) decrease in the level of full employment.
D) decreased capital.
A
You might also like to view...
Suppose the price of product X increases. We would expect this price increase to
A. decrease the demands for both complementary good Y and substitute product Z. B. increase the demand for complementary good Y and decrease the demand for substitute product Z. C. increase the demands for both complementary good Y and substitute product Z. D. decrease the demand for complementary good Y and increase the demand for substitute product Z.
If resource prices are flexible, the long-run aggregate supply curve is vertical
a. True b. False Indicate whether the statement is true or false
If the exchange rate of yen per dollar increases from 100 yen = $1 to 110 yen = $1, then
a. Japanese-produced goods would become more expensive b. the dollar has depreciated c. the yen has appreciated d. U.S.-produced goods would become more expensive e. U.S. exports would increase
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are S2 and D2. Which of the following can change the equilibrium exchange rate ($/pound) to $2.50 and the equilibrium quantity to 400 pounds?
A. an increase in the price level in Great Britain B. a decrease in the price level in the United States C. a sudden dislike of British products in the United States D. an increase in income in the United States