An increase in input prices will
A. aggregate supply to the left.
B. aggregate supply to the right.
C. aggregate demand to the right.
D. aggregate demand to the left.
Answer: A
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A) supply. B) demand. C) scarcity. D) increasing opportunity costs.
The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect
A) it is more likely that an incumbent president will be re-elected. B) that stock prices are more likely to fall. C) that jobs are less difficult to find. D) that investors will be more optimistic about the economy.
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A) a movement up B) a movement down C) a downward shift of D) an upward shift of
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A) overvalued; revaluation B) overvalued; devaluation C) undervalued; devaluation D) undervalued; revaluation