Suppose the supply of Malaysian rubber decreases. If U.S. producers purchase this rubber as an input, in the United States, this would cause a
A) rightward shift of the AD curve.
B) leftward shift of the AD curve.
C) rightward shift of the SRAS curve.
D) leftward shift of the SRAS curve.
D
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The figure above shows Sam's budget line. Which of the following combinations of gasoline and coffee are not available to Sam?
A) 40 gallons of gasoline and 0 pounds of coffee B) 32 gallons of gasoline and 4 pounds of coffee C) 8 gallons of gasoline and 8 pounds of coffee D) 16 gallons of gasoline and 16 pounds of coffee
A market comprised of only two firms is called a
A) competitive market. B) monopoly. C) duopoly. D) monopolistically competitive market.
The ratio of a bank's after-tax profit to bank capital is known as
A) net interest margin. B) return on equity. C) return on capital. D) spread.
The wage and price controls of the 1940s eventually led to:
a. black markets. b. "forced uptrading." c. calls for nationalizing the nation's cattle herds. d. All of the above are correct.