In years of economic contraction, firms throughout the economy increase their production of goods and services, employment rises, and jobs are easy to find

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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What are the factors that can shift the short-run aggregate supply curve but not the long-run aggregate supply curve? Explain your answer

What will be an ideal response?

Economics

The current official "base year" is

A) 2000. B) 1992. C) 1980. D) 1972.

Economics

Wealth creating transactions are more likely to occur

a. With private property rights b. With contract enforcement c. Both a and b d. None of the above

Economics

Disposable income is not:

A. total income minus taxes. B. what consumers base their buying decisions on. C. the amount consumers have to spend on goods and services. D. income before tax.

Economics