A decrease in the price of oil will cause the:
A. short-run aggregate supply curve to shift to the right.
B. aggregate demand curve to shift to the right.
C. short-run aggregate supply curve to shift to the left.
D. long-run aggregate supply curve to shift to the left.
A. short-run aggregate supply curve to shift to the right.
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Which of the following statements is not true?
A. Taxes often create inefficiency but can increase equity. B. Tax policy is often a balance between equity and efficiency. C. Some taxes lead to greater efficiency. D. Taxes are about efficiency not equity.
In the United States, the average length of expansions from 1950 to 2009 was more than twice as long than they were from 1900 to 1950
Indicate whether the statement is true or false
Farming in poor countries is considered to be:
A. cost intensive. B. labor intensive. C. capital intensive. D. production intensive.
An example of business fixed investment spending is
A) a purchase of a home by a household. B) a purchase of a computer by an accounting firm. C) a purchase of a bond by General Electric Corporation. D) $200 million of unsold cars at a car dealership.