Supply shift to the left=
What will be an ideal response?
price goes up, quantity goes down
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What is the discount rate?
What will be an ideal response?
Refer to Figure 6-11. What is the value of the price elasticity of supply between g and h?
A) 0.5 B) 2 C) 20 percent D) 0.02
All of the following would be potential problems if developing nations around the world emphasized export promotion EXCEPT
A) industrial nations may be unable to absorb the exports of many newly industrializing nations. B) it would be much harder to emphasize exports under the WTO framework if the emphasis in exports requires some kind of subsidies. C) export growth may not add to GDP if it crowds out growth in output of goods for domestic consumption. D) export promotion by many countries may lead to economic conflicts. E) current research has clearly established that there is no causal connection between exports and faster economic growth.
When the prices of food and gasoline are added to core inflation, we get:
A. core deflation. B. headline inflation. C. hyperinflation. D. adjusted inflation.