Which would be considered to be one of the factors that shift the aggregate supply curve? A change in:
A. consumer expectations on investment projects.
B. consumer spending.
C. government regulation.
D. net export spending.
Answer: C
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Refer to the figure above. If the yuan is allowed to float, at exchange rates above E yuan per dollar:
A) the excess supply of dollars in exchange for yuan increases the value of the dollar in the foreign exchange market. B) the excess supply of dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market. C) the excess demand for dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market. D) the excess demand for dollars in exchange for yuan increases the value of the dollar in the foreign exchange market.
Between 1979 and 2009, ________ real GDP per capita was less than that of ________
a. the United States'; Japan b. the United States'; the United Kingdom c. the United States'; France d. Canada's; Germany
The Clayton Act outlawed tying contracts, price discrimination, and all mergers.
Answer the following statement true (T) or false (F)
A parity ratio of 0.6 in year A means that prices:
A. Received in year A could buy 60 percent as much as prices received in the base period B. Received in the base period could buy 60 percent as much as prices received in year A C. Received in year A had risen by 60 percent over the prices received in the base period D. Paid by farmers in year A had risen by 60 percent over the prices paid in the base period