Which of the following shifts short-run aggregate supply right?
A. An increase in the minimum wage
B. An increase in immigration from abroad
C. An increase in the price of oil
D. An increase in the actual price level
Answer: B
You might also like to view...
Use the table below to answer the following question.UnitsMarket PriceMinimum Acceptable Price1$8$228438648858106814What is the value of producer surplus in the table above?
A. $6 B. $12 C. $44 D. $54
Eurodollar deposits arising from OPEC trade surpluses are called
A) OECD-dollars. B) OPEC-dollars. C) petrodollars. D) None of the above.
The vital link between the real and monetary sectors of the economy is the:
A) price level. B) interest rate. C) balance of payments. D) budget deficit.
Which of the following was an argument for using fiscal policy in situations like the Great Recession?
A. Congress can act quickly. B. The size of a recessionary gap may require the use of both fiscal policy and monetary policy. C. Once the federal funds rate is reduced to zero, monetary policy is less effective. D. All of these responses are correct.