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
Economies cannot function without money
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