Cost-push inflation can be shown on an aggregate supply aggregate demand diagram as
A) a rightward shift of the aggregate supply curve with no change in aggregate demand.
B) a rightward shift in the aggregate demand curve with no change in aggregate supply.
C) a leftward shift in the aggregate demand curve with no change in aggregate supply.
D) a leftward shift in the aggregate supply curve with no change in aggregate demand.
D
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Under the Articles of Confederation,
a. only the federal government could issue paper money. b. only the federal government had the power to levy taxes. c. the federal government was ultimately responsible any debts incurred by the states. d. the federal government had a difficult time negotiating military and economic treaties with other nations. e. All of the above.
Refer to the accompanying figure. Growing 1,000 bushels of wheat and no bushels of corn each year is:
A. efficient and attainable. B. inefficient but attainable. C. inefficient and unattainable. D. efficient but unattainable.
A merger between Hertz Rent-a-Car and Budget Rent-a Car would be a ______ merger.
A. horizontal B. vertical C. conglomerate D. diversifying
Consider the following statements:
a. Car owners purchase more gasoline from a gas station that sells gasoline at a lower price than other rival gas stations in the area. b. Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies than to install expensive security monitoring equipment. c. Firms produce more of a particular DVD when its selling price rises. Which of the above statements demonstrates that economic agents respond to incentives? A) a only B) b only C) c only D) a and b E) a, b, and c