Which would be considered to be one of the factors that shift the aggregate supply curve? A change in:
a. Business productivity
b. Net export spending
c. Consumer expectations
d. Consumer spending
a. Business productivity
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A main reason for the low unemployment rate from 1995 through most of the 2000s was because of
A) higher oil prices. B) the government's policy of tightening immigration policies. C) the rapid development of the Internet industry and other new technologies. D) government's more liberal social benefit programs. E) increased defense expenditures by the government.
A supply schedule shows the relationship between:
a. demand and supply. b. supply and income. c. price and income. d. quantity supplied and price. e. income and quantity supplied.
In the case of a small country, producer surplus
A) increases more with a tariff than with an equivalent quota. B) increases more with a quota than with an equivalent tariff. C) is not changed by tariffs or quotas. D) increases the same amount with tariffs and equivalent quotas.
Discuss how the marginal propensity to consume, imports, and marginal tax rates influence the expenditure multiplier
What will be an ideal response?