In terms of the aggregate demand and supply framework, a decrease in the money supply will shift the aggregate
A) demand curve to the right.
B) demand curve to the left.
C) supply curve to the left.
D) supply curve to the right.
B
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Which of the following is the best example of a monopolistic competitor?
a. Wheat farmers. b. Diet centers. c. American Telephone and Telegraph. d. General Motors.
In every economy people vie for the economy's rationing device, a process called
A) competition. B) entrepreneurship. C) marginal benefit. D) positive economics.
A radio manufacturer has two plants -- one in Taiwan and one in California. At the current allocation of total output between the two plants, the last unit of output produced in the Taiwan plant added $8 to total cost, while the last unit of output produced in the California plant added $6 to total cost. If the firm switches one unit of output from the California to the Taiwan plant, then
A. profit will decrease $2. B. profit will increase $6. C. profit will decrease $6. D. profit will increase $14.
Since the Civil War, the poorest section of the country has been the __________.
Fill in the blank(s) with the appropriate word(s).