Which of the following statements best describes the outcome of a shift in the SRAS curve?
a. A shift in the SRAS curve to the left will result in a greater real GDP and downward pressure on the price level, if aggregate demand remains unchanged.
b. A shift in the SRAS curve to the right will result in a greater real GDP and downward pressure on the price level, if aggregate demand remains unchanged.
c. A shift in the SRAS curve to the right will result in a greater real GDP and upward pressure on the price level, if aggregate demand remains unchanged.
d. A shift in the SRAS curve to the left will result in a greater real GDP and upward pressure on the price level, if aggregate demand remains unchanged.
b. A shift in the SRAS curve to the right will result in a greater real GDP and downward pressure on the price level, if aggregate demand remains unchanged.
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American farmers who sell beef to Europe benefit most from
A) a decrease in the dollar price of euros. B) an increase in the dollar price of euros. C) a constant dollar price for euros. D) a European ban on imports of American beef.
A . Give an economics-based explanation for why class attendance is usually higher on the first day of class and on the days before major exams. b. Describe some policies that your instructor could implement to reduce absences and give an economics-based explanation of why they would have the desired effect
If the social value of producing robots is greater than the private value of producing robots, the private market produces too few robots
a. True b. False Indicate whether the statement is true or false
A capital outflow occurs when:
A. money saved in another country finances domestic investment. B. there is a positive difference between capital inflows and capital outflows of a country. C. there is a negative difference between capital inflows and capital outflows for a country. D. money saved domestically is invested in another country.