In the short run, an increase in the price level causes:
A. a rightward shift in the aggregate demand curve.
B. a leftward shift in the short-run aggregate supply curve.
C. a rightward shift in the short-run aggregate supply curve.
D. a movement upward along the short-run aggregate supply curve.
Answer: D
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When the economy is going strong the:
A. demand for workers increases. B. supply of workers increases. C. demand for workers decreases. D. supply of workers decreases.
Answer the following statement(s) true (T) or false (F)
In? general, the more securely private property rights are? assigned, the more capital accumulation there will be.
The person responsible for beginning to privatize China's economy since the mid-1970s is
B. Mao TseA. Deng Xiaoping. -tung. C. Sun Yat-sen. D. Chiang Kai-shek.
If a firm hires a resource in a perfectly competitive resource market,
a. it must also be a price taker in the product market b. it must also be a monopolist in the product market c. it faces a horizontal marginal resource cost curve d. it faces an upward-sloping marginal resource cost curve e. it faces a downward-sloping marginal resource cost curve