Which of the following would shift the supply curve for gasoline to the right?
a. an increase in the demand for gasoline
b. an increase in the price of gasoline.
c. an increase in the number of producers of gasoline.
d. an increase in the price of oil, an input into the production of gasoline.
c
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The figure above shows that as a result of the tariff, the price of a T-shirt in the United States ________, and the quantity of T-shirts bought ________
A) rises by $2; decreases by 15 million per year B) rises by $2; increases by 15 million per year C) falls by $2; increases by 5 million per year D) does not change; decreases by 5 million per year E) does not change; does not change
Lorenz curves tell us about the
A. absolute distribution of income. B. poverty line. C. incidence of malnutrition. D. relative distribution of income.
Government changes in interest rates to regulate the economy are part of:
A. monetary policy. B. fiscal policy. C. debt policy. D. liability policy.
The Phillips Curve shows the trade-off between:
a. unemployment and output. b. inflation and output. c. unemployment and inflation. d. imports and exports. e. unemployment and imports.