A decrease in efficiency would shift the long-run aggregate supply curve:
A) rightward.
B) leftward.
C) no shift.
D) none of the above.
B
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During the Great Depression, real interest rates
A) rose to unprecedentedly high levels. B) rose only slightly above the long-run trend. C) fell to unprecedentedly low levels. D) fell only slightly below the long-run trend.
Human capital is associated with
a. a doctor charging lower-income patients less b. a doctor paying rent for the office c. a doctor's stethoscope d. a doctor's knowledge of political events e. a doctor's skills in the operating room
Which of the following is NOT one of the core deliverables of a logistics system?
a. Excess capacity b. Timely Delivery c. Transparency d. Product availability e. Product availability
A speculative bubble occurs when asset prices:
A. grow slowly because the economy is in a slump. B. grow rapidly due unrealistic expectations about further price growth. C. fall rapidly due to realistic expectations about further price declines. D. don't change because investors are uncertain about the future of the economy.