If the price level kept increasing, the short-run aggregate supply (SRAS) curve would get steeper because

A) all the unemployed would eventually be hired.
B) the long-run aggregate supply curve is horizontal.
C) there are limits to how long workers can work long hours and capital can go without proper maintenance.
D) the rate at which capacity can be expanded increases indefinitely.


C

Economics

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Which of the following issues were not discussed in the recent Doha trade talks?

A) Eliminating export subsidies from agricultural products. B) Eliminating high tariffs and tariff escalation. C) Solving the conflicts of providing cheaper medicines to developing countries while promoting research and development. D) Establishing the basic framework for an all-encompassing world free trade agreement.

Economics

Intermediation entities include which of the following?

(a) Life and fire insurance companies (b) Stock exchanges (c) Mutual saving banks (d) All of the above

Economics

Assuming the economy in the graph shown is currently at equilibrium A, if the government wanted to enact a policy it would likely enact:



A. expansionary fiscal policy in an effort to move aggregate demand to the right.
B. contractionary fiscal policy in an effort to move aggregate demand to the left.
C. expansionary fiscal policy in an effort to move aggregate demand to the left.
D. contractionary fiscal policy in an effort to move aggregate demand to the right.

Economics

The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper. If Column Cafe publishes coupons and Row Restaurant does not, then Row Restaurant will earn ________, and Column Cafe will earn ________.

A. $120; $120 B. $25; $25 C. $200; $10 D. $10; $200

Economics