Which would most likely shift the aggregate supply curve? A change in the prices of:
A. Domestic products
B. Foreign products
C. Financial assets
D. Resources
D. Resources
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A decrease in the price of gasoline shifts the demand for auto batteries to the
A. left, because gasoline and auto batteries are substitutes. B. left, because gasoline and auto batteries are normally used together. C. right, because gasoline and auto batteries are substitutes. D. right, because gasoline and auto batteries are normally used together.
Economic profits are
A) total revenue minus explicit costs. B) total revenue minus implicit costs. C) total revenue minus explicit and implicit costs. D) total revenue minus accounting costs.
Which of the following is a correct statement about bond prices, other things equal?
a. a lower face value leads to a higher bond price b. a higher risk of default leads to a higher bond price c. a higher risk of default leads to a lower yield d. fewer coupon payments lead to a higher bond price e. a higher price leads to a lower yield
Contrast the actions the central bank of a country would take to increase the quantity of money in an economy with the actions it would take to produce the opposite effect