Cost-push inflation occurs when the:
a. aggregate demand curve shifts leftward while the aggregate supply curve is fixed.
b. aggregate supply curve shifts leftward while the aggregate demand curve is fixed.
c. aggregate demand curve shifts rightward while the aggregate supply curve is fixed.
d. aggregate supply curve shifts rightward.
b
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Fresh Air is a large company that repairs residential air conditioners in many homes spread across a state. The company has 50 employees who each have their own repair van. Because the managers of Fresh Air cannot monitor every employee on every repair job, the company sends a satisfaction score card to each customer asking them how pleased they are with the service. If an employee receives a
high satisfaction score, the employee receives a bonus. The bonus policy incentives the employees to do all of the following to earn a high satisfaction score except which one? A) Offer the customers free services or free up-grades on the repairs. B) Stop and take a lunch break on the way to the repair job. C) Perform a good repair. D) Be courteous to the customer
Other things the same, an increase in the real exchange rate raises U.S. net exports
a. True b. False Indicate whether the statement is true or false
Economists call an institution designed to oversee the banking system and regulate the quantity of money in the economy
a. a central bank. b. a charter bank. c. a national bank. d. a state bank.
Suppose the automobile industry can import 10% of the total quantity demanded of cars in the U.S. This is an example of a(n) ________.
A. tariff B. quota C. import tax D. trade limit