Which would most likely shift the aggregate supply curve? A change in the prices of ________.
A. foreign products
B. financial assets
C. domestic products
D. resources
Answer: D
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The United States has a comparative advantage in producing airplanes if
A) it can produce them at a lower opportunity cost than can other nations. B) it can produce them at a lower dollar cost than can other nations. C) it can produce a larger quantity than can other nations. D) it has a larger quantity of skilled workers than do other nations.
Refer to Figure 3-5. At a price of $5,
A) there is a scarcity of 4 units. B) there is a surplus of 4 units. C) there is a shortage of 4 units. D) there is a shortage of 6 units.
Prior to the time of John Maynard Keynes, most economists stressed that
a. low levels of aggregate demand would lead to prolonged periods of unemployment. b. market economies were inherently unstable because of fluctuating aggregate demand. c. market adjustments would automatically direct an economy to full employment within a relatively brief period of time. d. budget deficits and surpluses were necessary for the control of economic fluctuations.
Define fishery and describe the resource problem with fisheries
What will be an ideal response?