Changes in which of the following shifts the aggregate supply curve?
i. the price level
ii. the money wage rate
iii. potential GDP
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
D
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The price system always works instantaneously
Indicate whether the statement is true or false
The value of the CPI for the reference base period is always
A) 100. B) 0. C) 1. D) 50. E) None of the above, because the value of the CPI is not always the same for all reference base periods.
How large was the estimated U.S. fiscal imbalance in 2014 and how did it divide between current and future generations?
What will be an ideal response?
A limit on the amount of strawberries that can be imported into the United States is an example of
A) the rationing function of prices protecting domestic strawberry farmers. B) a price floor set by the government. C) a price ceiling set by government. D) an import quota.