An increase in the level of immigration into a nation would cause the:
A. long-run aggregate supply curve to shift to the right.
B. short-run aggregate supply curve to shift to the left.
C. long-run aggregate supply to remain fixed.
D. long-run aggregate supply curve to shift to the left.
Answer: A
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Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
A sole proprietorship is typically a relatively small business because
a. its operations must stay within state borders b. it is operated out of the proprietor's home c. there are no employees, only working family members d. there are no bank loans available for expansion e. expansion often requires a partner or conversion to another form of business organization
If women are prohibited or discouraged from attending school but men are allowed to attend, this is an example of
A. A gender gap. B. A redistribution of capital. C. An inequality trap. D. A human capital gap.
A factor of production that is produced in order to produce something else is called:
A) money. B) labor. C) technology. D) capital.