The discovery of new oil deposits will cause
A) the long-run aggregate supply curve to shift to the right and the short-run aggregate supply curve to shift to the left.
B) the long-run aggregate supply curve to shift to the right, but not the short-run aggregate supply.
C) the short-run aggregate supply curve to shift to the right, but not the long-run aggregate supply curve.
D) both the long-run and the short-run aggregate supply curves to shift to the right.
D
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Refer to Figure 15-9. What is the economically efficient output level?
A) 600 units B) 800 units C) 940 units D) 1160 units
When current account deficits are used to finance investment spending, such deficits may be self-correcting because
A) they promote more responsible government policies. B) the resulting increase in the capital stock over time shifts the output supply curve to the right. C) the resulting increase in the capital stock over time shifts the output demand curve to the right. D) the resulting increase in national indebtedness increases labor demand.
In April 2010, the U.S. economy added 290,000 jobs but the unemployment rate still increased from 9.7 percent to 9.9 percent. Which of the following best explains this situation? a. The size of the labor force shrunk
b. The number of unemployed workers also increased, but by a smaller percentage. c. The number of illegal immigrants increased substantially. d. The number of discouraged workers increased substantially. e. The number of unemployed workers also increased, but by an even greater percentage.
Every time an individual decides to try out new equipment, or finds better ways to manage money, he or she is exhibiting aspects of: a. money management
b. entrepreneurship. c. strategic management. d. capital management.