Which of the following would cause an increase (rightward shift) in the short-run aggregate supply curve (SRAS)?
a. An increase in the long-run aggregate supply curve (LRAS).
b. A decrease in the CPI
c. An increase in the CPI.
d. A decrease in oil prices.
d
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What fraction of developing countries have recently experienced some form of significant interethnic conflict?
a. less than one-tenth b. a tenth to one-quarter c. one quarter to one half d. over one half
In a market economy, we know that a resource has become scarcer when
a. its price rises relative to other prices. b. it is non-renewable and some of it is used. c. people search for substitutes. d. All of the above are correct.
The effect of an increase in interest rates on current consumption is
a) positive among borrowers if the income effect is dominant b) positive among borrowers if the substitution effect is dominant c) positive among savers if the income effect is dominant d) positive among savers if the substitution effect is dominant e) strongly positive in the aggregate consumption data
From 1980 to 2000 the labor force participation rate generally ________ and from 2000 to 2014 the rate generally ________
A) increased; decreased B) decreased; decreased C) increased; increased D) decreased; increased