Which of the following shifts both the short-run and long-run aggregate supply right?
a. an increase in the actual price level
b. an increase in the expected price level
c. an increase in the capital stock
d. None of the above is correct.
c
You might also like to view...
Pareto's Principle states that:
a. 20 percent of the time expended produces 80 percent of the results b. 90 percent of the time spent produces 10 percent of the results c. 75 percent of time is wasted d. A task or job fills the time available
The export supply curve shows a country's:
a. domestic surplus at various prices below the "no-trade" equilibrium price. b. domestic shortage at various prices below the "no-trade" equilibrium price. c. domestic supply at the "no-trade" equilibrium price. d. domestic surplus at various prices above the "no-trade" equilibrium price. e. domestic shortage at various prices above the "no-trade" equilibrium price.
A major cause of the Great Recession was:
a. A severe increase is U.S. banking regulations that prohibited or stalled the free market. b.Excessive foreign exchange speculation. c. Contractionary fiscal policies. d. Excessive money creation by the Federal Reserve immediately before and during the downturn. e. A shift from an "originate-to-hold" to an "originate-to-distribute" mortgage origination strategy.
The unanimity property states that the ranking between any two outcomes should not depend on whether some third outcome is available
a. True b. False Indicate whether the statement is true or false