Which of the following would shift the U.S. short-run aggregate supply curve to the right?
a) A fall in the number of migrant workers from Mexico
b) Higher oil prices
c) An increase in welfare benefits
d) An loosening of the restrictions on child labor
Answer: d) An loosening of the restrictions on child labor
You might also like to view...
If the Phillips curve represents a "structural relationship," then
A) the Phillips curve will be vertical in the long run. B) the trade-off between unemployment and inflation is permanent. C) the trade-off between unemployment and inflation holds only for the short run. D) the trade-off between unemployment and inflation holds in the long run, but not in the short run.
New computer technology has
A) increased the cost of financial innovation. B) increased the demand for financial innovation. C) reduced the cost of financial innovation. D) reduced the demand for financial innovation.
In the U.S., the poverty rate is lowest among young families with a head of household under 25
a. True b. False
Supply can shift due to changes in price
a. True b. False Indicate whether the statement is true or false