Which would most likely increase aggregate supply?
a. A decrease in net exports
b. A decrease in the prices of resources
c. An increase in the degree of excess capacity
d. A decrease in subsidies for businesses
b. A decrease in the prices of resources
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Describe the relationship between marginal cost and average total cost
What will be an ideal response?
Marginal physical product can tell a producer
A. at what point to stop adding inputs to the production process. B. how much profit will be made at each level of production. C. how much the last input added to the total amount of revenue. D. how much the last input added to the total amount of production.
In the Keynesian model, a $1 billion increase in autonomous consumption leads to ________ in short-run equilibrium output.
A. a $1 billion increase B. no change C. a $1 billion decrease D. a greater than $1 billion increase
Refer to the above table. You are given information on Collin's consumption for 2010 and 2020. Using 2010 as the base year compute the price index for 2020. The index equals
A. 0.75. B. 87.50. C. 73.007. D. 136.842.