An increase in aggregate demand will result in inflation
a. True
b. False
Indicate whether the statement is true or false
True
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People who stopped looking for work because they could not find jobs are called discouraged workers
Indicate whether the statement is true or false
If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making $43,333.33 in five years to have kept pace with consumer price inflation
a. True b. False Indicate whether the statement is true or false
Which of the following would tend to encourage more innovation in the United States?
A. Limits on the immigration of scientists and engineers B. Restrictions on the risk that venture capital firms can take C. Stricter enforcement of the patent laws D. Protection of manufacturing industries through tariffs and trade barriers
A decrease in the price of oil will cause the:
A. short-run aggregate supply curve to shift to the right. B. short-run aggregate supply curve to shift to the left. C. aggregate demand curve to shift to the right. D. long-run aggregate supply curve to shift to the left.