Which of the following will cause an upward movement along the aggregate demand curve?
a. An increase in the price level of all goods and services
b. A decrease in the price level of all goods and services
c. A technological improvement in the country
d. An increase in government spending
a
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Olives are used to produce olive oil. If the price of olives increases
A) the supply of olive oil decreases. B) the supply of olive oil increases. C) the demand for olive oil decreases. D) the demand for olive oil increases.
A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)
A) equity share. B) bond. C) stock. D) debit.
Refer to the graph shown. An effective price ceiling at Pc causes producer surplus to:
A. fall from areas A + B + E to area A. B. fall from areas C + D + F to area D. C. change from areas C + D + F to areas B + C + D. D. change from areas A + B + E to areas A + B + C.
An import restriction ________ the market price and ________ the total surplus of the market.
A. increases; decreases B. increases; increases C. decreases; increases D. decreases; decreases