A technological improvement in producing good A would cause:
A. a shift to the right of the supply curve for A.
B. a shift to the left of the supply curve for A.
C. a movement upward and to the right along the supply curve for A.
D. a movement downward and to the left along the supply curve for A.
Answer: A
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During the period from 1999 - 2008, federal budget deficits
A. were never calculated. B. fell dramatically. C. increased as a percentage of GDP. D. can be regarded as structural.
Because of automatic stabilizers, disposable income varies proportionately less than real GDP during periods of economic fluctuations
a. True b. False Indicate whether the statement is true or false
Identify the international organization that makes loans to developing countries
a. The World Bank b. The Federal Reserve c. The World Trade Organization d. The Industrial Development Board e. The Bank of England
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Answer the following statement true (T) or false (F)