Which one of the following would increase per-unit production cost and therefore shift the aggregate supply curve to the left?
A. A reduction in business taxes.
B. Production bottlenecks occurring when producers near full plant capacity.
C. An increase in the price of imported resources.
D. Deregulation of industry.
C. An increase in the price of imported resources.
You might also like to view...
What are the factors underlying government taxation and spending decisions?
What will be an ideal response?
National income accounting fills in the dollar values in the circular flow of income
a. True b. False Indicate whether the statement is true or false
Harry spent $39,000 in 2009 and $42,000 in 2014 on goods and services. The consumer price index was 220 for 2009 and 231 for 2014 . Harry's 2014 spending in 2009 dollars is about
a. $40,000. b. $44,100. c. $37,838. d. $40,091.
Fiat money has value because it
A. is backed by gold. B. can be used to buy goods and services. C. can be exchanged for precious metals at a fixed price. D. can be divided into smaller units. E. All of these responses are correct.