A temporary decrease in the price of oil will shift the short run aggregate supply curve right but not shift the long run aggregate supply curve
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 2-18. Which two arrows in the diagram depict the following transaction: LaDonna sells 20 pairs of sunglasses at the Oakley store
A) K and G B) K and M C) J and M D) J and G
Nurses who work in hospitals often are required to work on weekends, whereas nurses who work in doctors' offices generally only work Monday through Friday. Hospital nurses who must work on weekends are usually paid more than nurses working in doctors' offices for the same work even if they have the same skills and education. This difference in pay is attributed to
a. an efficiency wage. b. compensating differential. c. differences in the marginal product of labor. d. differences in human capital.
Which of the following statements is false?
A) A corporate bond typically has face value of $1,000. B) Corporate bonds typically sell for a price that is equal to the bond's face value. C) The interest that corporate bonds pay is fully taxable. D) State and local governments issue municipal bonds.
According to Keynes, investment was determined
A. equally by the interest rate and the expected profit rate. B. mainly by the interest rate. C. mainly by the expected profit rate.