A new discovery of large volumes of previously unknown deposits of natural gas in Pennsylvania would
A) shift only the short-run aggregate supply curve to the right.
B) shift only the long-run aggregate supply curve to the right.
C) not affect either the short-run or long-run aggregate supply curves.
D) shift the short-run and long-run aggregate supply curves to the right.
D
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Refer to Table 2-13. What is Tammi's opportunity cost of bathing a cat?
A) two groomed dogs B) one and a half groomed dogs C) two-thirds of a groomed dog D) half a groomed dog
According to a 1977 amendment to the Federal Reserve Act of 1913, what weights should the Fed put on the goals of maximum employment, stable prices, and moderate long-term interest rates?
The measurement of industry concentration which calculates the percentage of all sales contributed by a specific number of leading firms is called the
A. competition index. B. concentration ratio. C. Herfindahl-Hirschman Index. D. payoff matrix.
Refer to the information. The equilibrium GDP will be:
Answer the question on the basis of the following information for a private closed economy, where I g is gross investment, S is saving, and Y is gross domestic product (GDP).
A. $160.
B. $400.
C. $360.
D. $480.