If actual output exceeds potential output, ________ shifts upward over time.
A. the short-run AS curve
B. the short-run AD curve
C. the long-run AS curve
D. the long-run AD curve
Answer: A
You might also like to view...
John takes out a student loan at a bank but spends his money in Las Vegas to play at the casino. This situation is an example of
A) moral hazard. B) moral suasion. C) adverse selection. D) fraud.
Phyllis spends her income on beer and pretzels, and a six pack of beer costs the same as a bag of pretzels. If she is in consumer equilibrium, we know: a. she buys the same quantities of six packs of beer and bags of pretzels
b. she gets the same marginal utility from the last six pack of beer as from the last bag of pretzels. c. she gets the same total utility from beer as she does from pretzels. d. that all of the above are true.
The Fairlane Farm has total costs of $15,000 and total variable costs of $2,000. The Fairlane Farm's total fixed costs are __________.
A. $13,000 B. $0 C. $17,000 D. $15,000
A $1,000 face value bond purchased for $965.00, with an annual coupon of $60, and 20 years to maturity has a:
A. a yield to maturity and current yield equal to 6.00%. B. a current yield equal to 6.00%. C. a coupon rate equal to 6.22%. D. a current yield equal to 6.22%.