Decreases in the NAIRU represent a:
A) leftward shift in the aggregate demand curve.
B) leftward shift of the long-run aggregate supply curve.
C) rightward shift of the long-run aggregate supply curve.
D) rightward shift in the aggregate demand curve.
C
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Suppose in 2000 . nominal GDP in Russia was 1000 rubles and it increased to 2000 rubles in 2001 . If we know that no increase in real GDP occurred, then the GDP deflator must be
a. 150 b. 100 c. 0.50 d. 200 e. 105
An oligopoly is a market
A. with few buyers. B. with one buyer. C. dominated by a few sellers. D. under the control of a few politically powerful individuals.
If food is on the vertical axis and shelter on the horizontal axis, then the equation for the budget line can be expressed as
A. PsS + Pf = M. B. F = Pf - (Ps/Pf)S. C. S = M/Ps. D. S = M/Ps - (Pf/Ps)F.
To achieve economic efficiency in energy use, an economy:
A. often uses a variety of energy sources. B. must use the single energy source in which it can achieve economies of scale. C. should use all energy sources in equal proportion. D. should only use domestically produced energy.