Educational reforms that result in improved reading and math skills of high school graduates as they enter the labor force would do what to the aggregate supply curve?
A. Shift the curve outward.
B. Shift the curve inward.
C. Move the economy up along the curve.
D. Move the economy down along the curve.
Answer: A
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In the diagram above, which figure(s) show(s) an inverse relationship between the variables?
A) both B and C B) only B C) both A and C D) only D E) only C
What is meant by the phrase "economic integration?"
What will be an ideal response?
The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the domestic quantity demanded will be ________ microwaves.
A. 5,600 B. 5,000 C. 4,500 D. 4,000
Which of the following would unambiguously generate deflation?
A. an increase in aggregate demand accompanied by an increase in aggregate supply B. a decrease in aggregate demand accompanied by an increase in aggregate supply C. a decrease in aggregate demand accompanied by a decrease in aggregate supply D. an increase in aggregate demand accompanied by a decrease in aggregate supply