Which of the following statements best describes the intermediate zone of the aggregate supply curve?
a. In the intermediate zone of the AS curve, movement in AD to the right will increase both the output level and the price level, while a movement in AD to the left would decrease both the output level and the price level.
b. In the intermediate zone of the AS curve, movement in AD to the left will increase both the output level and the price level, while a movement in AD to the left would decrease both the output level and the price level.
c. In the intermediate zone of the AS curve, movement in AD to the left will increase the output level and decrease the price level.
d. In the intermediate zone of the AS curve, movement in AD to the right will increase the output level and decrease the price level.
a. In the intermediate zone of the AS curve, movement in AD to the right will increase both the output level and the price level, while a movement in AD to the left would decrease both the output level and the price level.
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Suppose a change takes place and the new equilibrium is at point A in the above figure. This change could have been caused by
A) an increase in the per-unit tax on CDs. B) a decrease in the income of consumers. C) a reduction in the wages paid to workers in the CD industry. D) a reduction in the price of CD players.
Rising unemployment and decreased business confidence could be signs that the economy is at the start of a(n):
A. recession. B. boom. C. recovery. D. expansion.
Measured as a share of GDP, what happened to the net federal debt between 1990 and 2011?
What will be an ideal response?
How do companies know whether it is worth creating loyalty to keep customers coming back?
a. Don't overestimate your importance in the customer's life. b. Measure lifetime customer value c. Recognize the right relationships and adapt d. Be transparent