For supply-side inflation to occur in the long run
A) the long-run aggregate supply curve has to shift to the left.
B) the aggregate demand curve has to shift to the left.
C) the long-run aggregate supply curve has to shift to the right.
D) the aggregate demand curve has to shift to the right.
A
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Under the gold standard, a country that is experiencing a gold outflow
a. has a balance of payments deficit. b. has a shrinking money supply. c. is experiencing a fall in output. d. All of these.
This profit-maximizing firm charges a price of ___________.
A. $16.75
B. $20.00
C. $22.00
D. $24.00
If good X is a normal good and its price rises, then quantity demanded
a. may or may not fall. b. will always fall. c. will always rise. d. will remain unchanged.
A problem with official U.S. poverty data is that they
a. omit the rural poor b. do not account for inflation c. omit in-kind transfers such as food stamps d. do not reflect changes in the cost of living e. omit dividends and interest