When evaluating differences or similarities between an increase in supply and an increase in quantity supplied, what do we know?
a) The former is a shift of the curve and the latter is a movement along the curve
b) The former is a movement along the curve and the latter is a shift of the curve
c) Both are shifts of the supply curve
d) Both are movements along the curve
Ans: a) The former is a shift of the curve and the latter is a movement along the curve
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A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
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What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false