An increase in the costs of resources or inputs of production would shift the:
A) short-run aggregate supply curve rightward.
B) short-run aggregate supply curve leftward.
C) long-run aggregate supply curve rightward.
D) long-run aggregate supply curve leftward.
B
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In an economy with higher and more variable inflation, the new classical model would predict that the short run aggregate supply curve would
a. be horizontal. b. be more horizontal. c. be steeper. d. shift more rapidly.
The economics of local school financing discourages school districts from attempting to maximize their tax base while minimizing enrollment size
Indicate whether the statement is true or false
Which one of the following is an example of a normative statement?
A) A digital camera costs more than a disposable camera. B) Most digital cameras sold in the United States are imported from other countries. C) A camera makes a good wedding gift. D) More people will buy digital cameras as their prices decline.
Unemployment insurance tends to
a. decrease structural unemployment. b. decrease cyclical unemployment. c. increase frictional unemployment. d. increase the number of discouraged workers.