The long-run aggregate supply increases as:
a. new production technology is introduced.
b. the quality of labor declines.
c. the average price level increases.
d. natural resources become depleted.
e. the minimum wage rate increases.
a
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In general, a fine on selling a product leads to the
A) supply curve shifting rightward. B) supply curve shifting leftward. C) demand curve shifting rightward. D) demand curve shifting leftward.
How has the U.S. government debt changed since 2008? What are the sources of the change in U.S. government debt?
What will be an ideal response?
In perfect competition, no individual producer can influence price because
a. each contributes an insignificant amount to total supply. b. they are ignorant of the market price. c. it is set by monopolists. d. it is regulated by the government.
A tax levied on the value of physical assets such as land, or financial assets such as corporate stocks and bonds, is known as a(n)
a. corporate income tax b. property tax c. excise tax d. unit tax e. customs duty