Supply-side policy is designed to
A. Shift the production possibilities curve outward and shift the long-run aggregate supply curve to the right.
B. Shift the production possibilities curve outward and shift the aggregate supply curve to the left.
C. Move the economy from a point inside the production possibilities curve to a point on the curve and shift the aggregate supply curve to the right.
D. Move the economy from a point inside the production possibilities curve to a point on the curve and shift the aggregate supply curve to the left.
Answer: A
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Firms that issue callable bonds have the option of repaying the principal to the bond buyers before the stated maturity date for the bonds. Firms may call their bonds before maturity in order to avoid making some of the coupon payments
Should we expect the price of a callable bond to be higher or lower than the price of a non-callable bond that has the same coupon payment, principal, and effective yield? A) Price of the callable bond should be higher B) Price of the bonds should be the same C) Price of the callable bond should be lower D) We need to know the year in which the bond is called in order to compare the prices
Which statement is true?
A. Most people would put in a maximum workweek of 48 hours no matter what the pay. B. As one's income rises, eventually the income effect outweighs the substitution effect. C. As one's income rises, eventually the substitution effect outweighs the income effect. D. The "backward bending" supply curve is not really backward bending.
Inventory reductions caused by strong demand are signals to retailers to order more products.
Answer the following statement true (T) or false (F)
The least liquid asset on this list is
A. money. B. houses. C. bonds. D. stocks.