In the short run, a decrease in the general price level will cause business profits to rise and, hence, the total quantity of output to increase
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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A rise in the money wage rate shifts the
A) AD curve rightward. B) AD curve leftward. C) AS curve rightward. D) AS curve leftward. E) potential GDP curve rightward.
Economics
Which of the following African countries has experienced widespread death and destruction due to ethnic or clan based conflict in the previous decade?
a. Rwanda b. Sudan c. Somalia d. all of the above
Economics
The income effect occurs when an individual switches to another similar good when the price of the preferred good increases
a. True b. False Indicate whether the statement is true or false
Economics
Nominal values are measured in
a. constant prices. b. dollars. c. actual prices. d. highest prices.
Economics