The short-run aggregate supply curve is most likely to shift to the right if ________.
A. productivity decreases
B. input prices decrease
C. wages increase
D. sales taxes increase
Answer: B
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Explain the logic of the multiplier effect
What will be an ideal response?
Refer to above Table 2-1. What is the level of Personal Saving?
A) 100 B) 90 C) 80 D) 130
Which of the following statements is true?
A. The calculated t statistic is valid and efficient in case of a spurious regression. B. If an explanatory variable or a dependent variable is integrated of the order one, the OLS estimators are asymptotically normally distributed. C. An error correction model can be used to study the short-run dynamics in the relationship between the dependent variable and the explanatory variables in a time series model. D. The Dickey-Fuller test can be used to test for heteroskedasticity in the error terms.