A new discovery of large volumes of previously unknown oil deposits in Texas would
A. shift only the long-run aggregate supply curve to the right.
B. shift the short-run and long-run aggregate supply curves to the right.
C. shift only the short-run aggregate supply curve to the right.
D. not affect either the short-run or long-run aggregate supply curves.
Answer: B
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A speculative attack is:
A. a massive selling of domestic currency assets by domestic and foreign financial investors. B. a presumptive decrease in the officially fixed value of a currency. C. a presumptive increase in the officially fixed value of a currency. D. the imposition of tariffs and quotas to prevent the inflow of foreign goods.
A monopsonistic employer will pay a wage rate
A) less than the labor's MRP. B) greater than the labor's MRP. C) equal to the labor's MRP. D) equal to MFC.
“Intel Inside” accompanies virtually all IBM-compatible computers. Intel manufactures the i3, i5 and i7 chips that are a key component of personal computers. Does Intel have a monopoly?
What will be an ideal response?
Figure 4-23
Refer to . In which market will the majority of the tax burden fall on the buyer?
a.
market (a)
b.
market (b)
c.
market (c)
d.
All of the above are correct.