A change in the price of important inputs will change the quantity supplied but will not shift the supply curve
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
How would the introduction of legal or technical barriers to entry affect the long-run equilibrium in a perfectly competitive market?
What will be an ideal response?
The general public disapproved of key features of the 1996 welfare legislation
Indicate whether the statement is true or false
Holding other things constant, increases in the price level in the US will
a. Cause the dollar to appreciate b. Cause the dollar to depreciate c. Does not affect the dollar value d. None of the above
Suppose the price level in Germany rises, ceteris paribus. This ________________ United States net exports, ultimately shifting the United States AD curve ____________________
A) stimulates; rightward B) stimulates; leftward C) depresses; rightward D) depresses; leftward.