List two things that can cause the industry supply curve to shift
What will be an ideal response?
(1.) A change in the costs of an input – for example, due to a change in the price of an input or change in technology.
(2.) A change in the number of firms in the industry.
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The U.S. has the largest trade deficit with China. How will a ban on trade with China affect the current account of the U.S.?
What will be an ideal response?
Seigniorage refers to
A) real resources a government earns when it prints money to use for spending on goods and services. B) nominal resources a government earns when it prints money to use for spending on goods and services. C) real resources a government earns when it prints money. D) nominal resources a government earns when it prints money. E) real resources a government earns when it issues bonds to use for spending on goods and services.
The merger of craft and industrial unions occurred in 1955 with the creation of the AFL-CIO
Indicate whether the statement is true or false
Answer the question based on the following list of factors that are related to the aggregate demand curve.
Which of the above factors best explain the downward slope of aggregate demand curve?
A. 2, 4, and 6
B. 7, 9, and 10
C. 1, 3, and 8
D. 4, 6, and 7