All of the following will cause the aggregate supply curve to shift to the right EXCEPT
A. an increase in marginal tax rates.
B. a reduction in international trade barriers.
C. a reduction in input prices.
D. discoveries of raw materials.
Answer: A
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Which of the following is an accurate statement of the difference between the individual demand curve and the individual supply curve?
a. The demand curve slopes upward from left to right; the supply curve slope downward from left to right.
b. The demand curve slopes downward from left to right; the supply curve slopes upward from left to right.
c. The demand curve can be shifted by technology variables; the supply curve can be shifted by income variables.
d. The demand curve can be shifted by price variables; the supply curve can be shifted by taste variables.
"Crowding out" is the theory that an increase in our federal government's budget deficit will likely:
A. decrease the national debt. B. decrease interest rates. C. decrease borrowing by households and businesses D. increase the impact of the spending multiplier.
Unanticipated inflation benefits
A. people with CDs (certificates of deposits) in the bank. B. people or businesses who owe funds. C. people who live on a fixed income. D. people or businesses who lend funds.
Economists
A) describe reducing tariffs and quotas as shallow integration. B) describe reducing tariffs and quotas as deep integration. C) believe that changing domestic policies affecting trade is a relatively simple process. D) believe that the work of reducing trade barriers is done since most tariffs are low and most quotas eliminated. E) believe the original motivation for nations forming domestic policies and regulations was to create trade barriers to foreign companies.