The long-run aggregate supply curve will shift to the right if
A) net exports decrease.
B) the economy experiences technological change.
C) there is a decrease in population.
D) the economy experiences high levels of inflation.
B
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Which of the following is the most liquid asset?
A) currency B) shares of stock C) short-term treasury bonds D) small denomination time deposits
In the view of the Classical economists, a increase in aggregate demand leads to
A) lower output levels. B) a higher price level. C) higher output levels. D) a lower price level.
Which of the following was the least prominent crop grown in the colonial U.S.?
a. Tobacco b. Sugar c. Wheat d. Rice
Collusion is:
A. buyers acting in unison against a company in efforts to change its practices. B. the act of firms undercutting one another in competition until zero profits are earned. C. the act of firms working together to make decisions about price and quantity. D. None of these statements is true.