When the economy is producing at a quantity greater than its long-run aggregate supply:

A. it is pushing some of its resources to operate beyond capacity.
B. the economy is experiencing greater economic growth.
C. it causes a bubble to form in one of its major sectors.
D. we are experiencing a recession.


A. it is pushing some of its resources to operate beyond capacity.

Economics

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Use the figure below to answer the following question.At equilibrium, consumer surplus is

A. 400. B. 200. C. 150. D. 300.

Economics

For which of the following variables should a "two tail" t-test be applied?

A) PA B) I C) PB D) Should be applied for all.

Economics

A backward-bending portion of an individual labor supply curve is most likely to be observed: a. at lower wages

b. at higher wages. c. in manufacturing industries. d. in service industries.

Economics

One reason stagflation is difficult to recover from is because:

A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.

Economics