Which of the following changes shifts the SRAS curve down?
A) An increase in the labor force
B) An increase in the money supply
C) A decrease in government purchases
D) A decrease in firms' costs
D
You might also like to view...
A bubble or panic generally occurs in the stock market because of:
a. upswings in the business cycle. b. expansionary monetary policies undertaken by the government. c. irrational, or abnormal forecasts, or market valuations. d. an increase in the profitability of the firms. e. deliberate government actions to control inflation.
If a local government gives out water filters to low-income families free of charge, the water filters are:
A. public goods. B. private goods. C. external goods. D. spillover goods.
Imposing a tax on sales of a product
A) shifts the market demand curve for the product. B) shifts the market supply curve for the product. C) shifts both the market supply and demand curve for the product. D) has no effect on either the market demand or the market supply curve for the product.
When mortgage loans are securitized, they are
A) bundled together by financial institutions and sold to investors. B) issued to borrowers with flawed credit histories. C) issued to borrowers who fail to document their income. D) guaranteed by the federal government.