Which of these is most likely to shift the long-run aggregate supply curve to the left?
What will be an ideal response?
a civil war
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A developing country does not have enough taxes to cover its expenditures and is unable to borrow. This government would be most likely to cover its deficit by
A) purchasing government bonds from the public. B) selling government bonds to the public. C) selling newly issued government bonds directly to the central bank. D) buying newly issued government bonds directly from the central bank.
An incumbent's threat to retaliate after a potential competitor enters the market will be taken seriously by potential competitors if
A) the incumbent can still earn a profit after carrying out the threat. B) the incumbent earns greater profit carrying out the threat than by accommodating entry. C) the potential entrant cannot earn a profit if the threat is carried out. D) the potential entrant's profit exceeds the incumbent's if the threat is carried out.
Suppose a tax on sellers has been imposed in the graph shown. The amount of deadweight loss generated by this tax is:
A. $0.
B. $80.
C. $160.
D. $129.50
Over ½ of all the men and ¼ of all the women in the United States
A. work for the same employer for at least 15 years. B. work for the same employer for at least 10 years. C. work for the same employer for at least 20 years. D. work for the same employer for at least 5 years.