The long-run aggregate supply curve shifts right if
a. immigration from abroad increases.
b. the capital stock increases.
c. technology advances.
d. All of the above are correct.
d
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If the monthly unemployment rate increase mentioned in the Application wound up being a permanent and not temporary change, the best economic decision by the committee would most likely be to
A) decrease the money supply to stimulate the economy. B) not change monetary policy. C) decrease the money supply to slow the economy down. D) increase the money supply to stimulate the economy.
The largest mergers have been in the ___________ industry.
Fill in the blank(s) with the appropriate word(s).
The effect time lag of fiscal policy refers to
A. the difficulty in getting the President and the Congress to agree on an appropriate policy. B. the time between the onset of a policy and when the policy has impact on the economy. C. the time needed for Congress to enact a policy. D. the delay in recognizing an economic problem.
If a monopolist produces to a point at which marginal revenue is greater than marginal cost then
A. profits will always be negative. B. the incremental cost of producing the last unit exceeds the incremental revenue. C. profits are being maximized. D. the incremental cost of producing the last unit is less than the incremental revenue.