The steeper the slope of the aggregate supply curve in the long run indicates that an increase in aggregate demand will cause an increase in the price level and an even greater increase in output in the long run
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In Figure 3-4 above, the shift from Ap0 to Ap1 could have been caused by a rise in net exports of
A) 180. B) 750. C) 120. D) 300.
Economics
How can a country experience economic growth and stable prices?
What will be an ideal response?
Economics
Many regulated industries are not pure monopolies
a. True b. False Indicate whether the statement is true or false
Economics
Central planners in command economies
a. generally set production targets for firms. b. always consult consumers on the output of goods they want to consume. c. allow prices to organize the economy's production. d. depend upon the invisible hand to coordinate economic activities.
Economics