A sharp increase in gasoline prices will cause the supply curve for trucking services to shift to the right

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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The long-run aggregate supply curve is horizontal

Indicate whether the statement is true or false

Economics

What are key economic variables that economists use to predict a new phase of a business cycle referred to as?

(A) Economic growth (B) A recession (C) A contraction (D) Leading indicators

Economics

Which of the following can cause a change in supply?

A. Changes in demand B. A technological advance C. Changes in tastes and preferences D. Changes in the price of the good or service

Economics

Economies cannot function without money

Indicate whether the statement is true or false

Economics