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Exhibit 14A-5 Macro AD-AS Model
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Economic growth is represented in Exhibit 14A-5 by:
A. leftward shift in the long-run aggregate supply curve (LRAS).
B. inward shift of the production possibilities curve.
C. rightward shift in the long-run aggregate supply curve (LRAS).
D. movement along the long-run aggregate supply curve (LRAS).
Answer: C
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Which of the following counties are largely dependent on trade with the United States?
a. China and Japan b. U.K. and Germany c. Canada and Mexico d. France and Belgium e. Canada and U.K
The first attempt by United States workers to organize on a permanent basis was by what Philadelphia group?
a. coal miners b. shoemakers c. bakers d. construction workers e. bankers
Exhibit 4-3 Supply and demand curves
Beginning from an equilibrium at point E2 in Exhibit 4-3, an increase in demand for good X, other things being equal, would move the equilibrium point to:
A. E1. B. E2. C. E3. D. E4.
The text maintains that people find the workings of the economic system bewildering, largely because____________
Fill in the blank(s) with the appropriate word(s).