Given a fixed upsloping AS curve, a rightward shift of the AD curve will ________.
A. increase both the price level and real output
B. cause cost-push inflation
C. increase the price level but not real output
D. increase real output but not the price level
Answer: A
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A cost-justified precaution is a safety measure whose
A) benefits outweigh its costs. B) costs outweigh its benefits. C) costs equal its benefits. D) costs are zero.
Refer to Figure 22-1. Using the per-worker production function in the figure above, the largest changes in an economy's standard of living would be achieved by a movement from
A) B to C to D. B) D to C to B. C) A to B to C. D) C to B to A.
From 1979 to 2011, which country had the lowest growth rate of GDP per hour of work?
a. Singapore b. United States c. France d. Japan
If the dollar depreciates, it will cause ______.
a. an increase in exports and a decrease in imports b. a decrease in exports and an increase in imports c. a decrease in both imports and exports d. an increase in both imports and exports