General Electric (GE) produces wind turbines that generate wind power. Over the past 10 years, the advances in technology used to produce wind turbines has resulted in
A) a movement up along the supply curve for wind-generated power.
B) a rightward shift in the supply curve for wind-generated power.
C) a decrease in the supply of wind-generated power.
D) GE increasing the quantity supplied of wind turbines.
B
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Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold
A) the deadweight loss is greater under the supply curve S0. B) the deadweight loss is greater under the supply curve S1. C) the deadweight loss is identical under either supply curve. D) there is no deadweight loss since revenue raised is used to fund government projects.
Most recessions in the United States since World War II have begun with a
A) rise in oil prices. B) stock market crash. C) a major devaluation of the dollar. D) decline in residential construction.
Workers in unions reap the benefit of collective bargaining, while workers not in unions bear some of the cost
a. True b. False Indicate whether the statement is true or false
An increase in aggregate demand will have a smaller long-run effect on real GDP if the _____
Fill in the blank(s) with the appropriate word(s).