Contractionary monetary policy will shift the AD curve rightward
Indicate whether the statement is true or false
FALSE
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Refer to Figure 12-5. What is the minimum price the firm requires to produce output?
A) $20 B) $14 C) $5 D) It cannot be determined
Critics argue that U.S. industrial policy: a. currently focuses only on developing the airlines industry
b. discourages spending on basic research in universities. c. should shift from a military to a civilian focus. d. gives foreign industries an advantage over domestic producers. e. provides too much protection to domestic industries.
The Gini co-efficient is the:
a. area between the Lorenz curve and the vertical axis divided by the area under the Lorenz curve. b. area between the Lorenz curve and the horizontal axis divided by the area above the Lorenz curve. c. area between the Lorenz curve and the line of perfect equality divided by the total area under the line of income equality. d. area between the Lorenz curve and the line of perfect equality divided by the total area above the line of perfect equality. e. area between the line of perfect equality and the horizontal axis divided by the area between the Lorenz curve and the horizontal axis.
Refer to the above figure. Which of the graphs is consistent with the Keynesian short-run aggregate supply curve?
A. Graph A B. Graph B C. Graph C D. Graph D