If aggregate supply shifts from AS1 to AS2, then the price level will:
Refer to the graph above.
A. Increase and real domestic output will increase
B. Decrease and real domestic output will increase
C. Increase and real domestic output will decrease
D. Decrease and real domestic output will decrease
C. Increase and real domestic output will decrease
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The longer the time buyers have to respond to a decrease in price, the more likely it is that the total revenue for the good in question would increase as a result
a. True b. False Indicate whether the statement is true or false
Which of the following will be the most likely impact of an unanticipated increase in the money supply?
What will be an ideal response?
The sale of government bonds by the Federal Reserve Banks to commercial banks will:
A. increase aggregate supply. B. decrease aggregate supply. C. increase aggregate demand. D. decrease aggregate demand.
When conducting a study on success rates, which of the following would most likely be subject to survivor bias?
A. Of the 115 oceanfront hotels in Honolulu, only those with private beaches are able to charge more than $200 per night on average. B. Of the 4 Starbucks locations that opened exactly 5 years ago in the same city, the location next to the concert arena has been the most financially successful. C. Of the 25 high schools located in Concordia County, this year's SAT scores were highest from students who attend Springdale High, the newest high school in the county. D. Of the 75 oil exploration firms based in North Dakota, over half of those that recently filed for bankruptcy have been in business for 5 years or less.