An increase in the price of nonlabor inputs
A) shifts the AD curve leftward.
B) shifts the SRAS curve leftward.
C) is the same thing as a beneficial supply shock.
D) shifts the AD curve rightward.
E) shifts the SRAS curve rightward.
B
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An international financial crisis can be precipitated when
A) the rate of money supply growth is not the same in all nations. B) newly-acquired political freedom in a country leads some interest groups to form a coalition limiting competition. C) many international investors look at the behavior of a few large investors to determine when funds should be withdrawn from a particular country. D) there is an increase in portfolio investment.
Which of the following would cause the supply of dollars curve in the United States to shift to the right?
a. Japanese imports become less popular. b. The value of the dollar falls. c. The supply of dollars decreases. d. Japanese imports became more popular.
Knowing that Coke controls 80 percent of the cola market and Pepsi controls 20 percent, we can conclude the cola market is:
A. monopolistically competitive. B. a monopoly. C. an oligopoly. D. perfectly competitive.
In the medium run, a reduction in inflation causes
A) a reduction in the opportunity cost of holding money. B) an increase in the opportunity cost of holding money. C) no change in the opportunity cost of holding money. D) individuals to switch from holding money to bonds and reduce their real money balances.