If Congress passed new laws significantly increasing the regulation of business, this action would tend to:
A. Increase per-unit production costs and shift the aggregate supply curve to the left
B. Increase per-unit production costs and shift the aggregate supply curve to the right
C. Increase per-unit production costs and shift the aggregate demand curve to the left
D. Decrease per-unit production costs and shift the aggregate supply curve to the left
A. Increase per-unit production costs and shift the aggregate supply curve to the left
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The above table gives data for the nation of Mojo. At what level of real GDP is the unplanned inventory change equal to $1.75 trillion?
A) $12.0 trillion B) $6.0 trillion C) $9.0 trillion D) $3.0 trillion E) $0.0 trillion
How does the study of microeconomics differ from that of macroeconomics? Give one example each of an issue studied in microeconomics and in macroeconomics
What will be an ideal response?
Demand takes into account goods, but not services
Indicate whether the statement is true or false
Colleges and universities use such things as grade point averages and standardized test scores as
A) a measure of consumer utility. B) non-price rationing devices. C) a means to shift the supply curve for a college education. D) solely to frustrate prospective students.