Marginal social cost would be less than marginal private cost in the presence of negative externalities
Indicate whether the statement is true or false
F
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Economic growth is represented on the aggregate supply model by a
A) shift in the short-run aggregate supply curve to the left. B) shift in the long-run aggregate supply curve to the left. C) shift in the long-run aggregate supply curve to the right. D) shift in the short-run aggregate supply curve to the right.
Open market operations are conducted by the Fed
A) in the New York Stock Exchange. B) in the private secondary U.S. securities market. C) through the Washington location of the Federal Reserve's Bank of Governors. D) through the Bureau of Engraving.
In economics, items that are used to produce goods and services are known as
A. needs. B. resources. C. wants. D. outputs.
Refer to the graph. Other things equal, an increase in labor productivity would cause a:
A. move from a to b on D 1 .
B. shift from D 2 to D 3 .
C. shift from D 3 to D 2 .
D. move from b to a on D 1 .