An adverse oil price increase will shift the short-run aggregate supply curve:
A) leftward.
B) rightward.
C) will not shift.
D) none of the above.
A
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Which of the following lists two things that both increase the money supply?
a. make open market purchases and raise the reserve requirement ratio b. make open market purchases and lower the reserve requirement ratio c. make open market sales and raise the reserve requirement ratio d. make open market sales and lower the reserve requirement ratio
Which of the following describes how import quotas on sugar generally affect consumer surplus as shown in Exhibit 2?
a. eliminated
b. unchanged
c. decreased
d. increased
The Index of Leading Indicators
A. turns downward just before recessions begin and turns upward before recoveries set in. B. turns downward well before recessions begin and turns upward before recoveries set in. C. turns downward well before recessions begin and turns upward just at the time recoveries set in. D. turns downward just before recessions begin and turns upward just at the time recoveries set in.
Which of the following best states the main criticism of the Sherman Act?
a. It was overly harsh. b. It was unnecessary at the time. c. It was too vague. d. It duplicated existing law. e. It came too late in the Industrial Revolution.