Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.
Figure 26.3Refer to Figure 26.3. A shift from AS1 to AS2 represents a(n)
A. decrease in aggregate quantity supplied.
B. decrease in aggregate supply.
C. increase in aggregate supply.
D. increase in aggregate quantity supplied.
Answer: B
You might also like to view...
All else equal, when oil prices decrease, oil exploration processes like hydraulic fracturing become less advantageous for oil companies, and this will ________ proven reserves of oil and ________ the number of years it will take to deplete the stock
of oil. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
If the required reserve ratio is .25, demand deposits are $400 million, and total reserves are $150 million, then excess reserves are
A) $25 million. B) $50 million. C) $75 million. D) $125 million.
Ration coupons are typically associated with which of the following government programs?
a. price floors b. target prices c. soil bank programs d. price ceilings e. minimum wage laws
The article on China's $4 trillion of reserves indicates that the yuan's depreciation is due to
A. Intervention of the U.S. government to cause the dollar to depreciate. B. Intervention of the Chinese government to purchase dollars to suppress the yuan. C. Intervention of the Chinese government into the exchange markets to purchase yuan. D. Intervention on the part of the U.S. government to devalue the yuan.