If workers leave a country to seek out better opportunities in another country, then this will
A) shift the short-run aggregate supply curve of the original country to the right.
B) shift the short-run aggregate supply curve of the original country to the left.
C) move the original economy up along a stationary short-run aggregate supply curve.
D) move the original economy down along a stationary short-run aggregate supply curve.
B
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The requirement for a double coincidence of wants occurs when
A) there is inflation. B) there is deflation. C) a system of barter is used. D) the medium of exchange is liquid.
The GDP deflator is
What will be an ideal response?
Refer to the above diagram illustrating a market for pollution rights in which government has fixed the supply of rights at 1,000 tons. If there were no market for pollution rights in this case, the volume of pollutants discharged would be:
A. zero. B. 2,000 tons. C. 1,000 tons. D. 1,500 tons.
In the short run, whenever excess demand exists, it is necessary to
A. impose a price ceiling on the good. B. ration the good. C. increase the supply of the good. D. put the good on sale.