Which of these is a likely impact of an increase in the price level in an economy on the aggregate supply in the economy?
a. An increase in the quantity of real GDP supplied
b. A decrease in the quantity of real GDP supplied
c. A leftward shift of the aggregate supply curve
d. A rightward shift of the aggregate supply curve
e. An increase in the slope of the aggregate supply curve
a
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High skilled labor and information technology are ________ while low skilled labor and information technology are ________
A) complements; substitutes B) substitutes; substitutes C) substitutes; complements D) complements; complements
List and describe the two areas of positive economics
What will be an ideal response?
Refer to the above table. The value of M1 is
A. $810 billion. B. $1,260 billion. C. $760 billion. D. $2,560 billion.
What are the two significant characteristics of the fractional reserve banking system?
What will be an ideal response?