A reduction in the amount of farmable land inside a nation would cause the:
A. long-run aggregate supply curve to shift to the right.
B. long-run aggregate supply curve to shift to the left.
C. short-run aggregate supply curve to shift to the right.
D. aggregate demand curve to shift to the right.
B. long-run aggregate supply curve to shift to the left.
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Which of the following countries had the lowest GDP per capita in 2014?
A) Central African Republic B) Mexico C) France D) Argentina
What is the core inflation rate and how does it differ from the overall CPI inflation rate?
What will be an ideal response?
Which of the following is a microeconomic question? a. How will a nation reduce the rate of inflation?
b. How will economic growth affect unemployment? c. How will a consumer maximize his utility? d. What are the factors that determine the standard of living in a country?
Which of the following statements is true about a downward-sloping demand curve that is a straight line?
A. The slope remains the same, but elasticity rises as you move down the demand curve. B. The slope remains the same, but elasticity falls as you move down the demand curve. C. The slope and the elasticity fall as you move down the demand curve. D. The slope and the elasticity are the same at all points.