When the long-run aggregate supply curve shifts right, it represents:
A. economic growth.
B. pushing our economy beyond normal capacity.
C. an unemployment rate of zero.
D. negative inflation.
A. economic growth.
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Which type of unemployment is associated with the slump in aggregate demand that accompanies a recession?
A) structural unemployment B) cyclical unemployment C) expansionary unemployment D) frictional unemployment
An accounting identity is
A) when the balance of payments is running a surplus or deficits. B) when the balance of trade is in surplus or deficit. C) an expression of values that are equivalent by definition. D) special drawing rights.
School vouchers are
A. provided by the government. B. provided by private organizations. C. public funds to be used for private tuition. D. all of these answer options are correct.
What is the percentage of income received by the upper quintiles on line K?
