The above figure shows the market for laptops. Which of the following shifts the supply curve from S0 to S2?
A) an increase in the cost of hard drives
B) an increase in the productivity of the workers manufacturing laptops
C) a decrease in the price of laptops
D) an increase in the price of laptops
E) a decrease in the number of laptop manufactures and sellers
B
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In 2009, actual output in the U.S. was 4.7 percent below the potential output. This implies that the: a. unemployment in the U.S. was below its natural rate. b. poverty level in the U.S. was below average. c. there was a recessionary gap in this economy
d. there was an expansionary gap in this economy. e. there was an excess demand in this economy.
A fire extinguisher is an example of a A. private good that generates external costs. B. private good that generates external benefits. Your answer is correct.C. public good that generates external benefits. D. public good that generates internal benefits.
A fire extinguisher is an example of a
A.
private good that generates external costs.
B.
private good that generates external benefits.
Your answer is correct.
C.
public good that generates external benefits.
D.
public good that generates internal benefits.
Explain how each of the following events would affect the aggregate demand curve
a. Lower interest rates b. A decrease in net exports c. A decrease in the price level d. Slower income growth in other countries e. A decrease in imports
Define aggregate supply. Describe the characteristics of the aggregate supply curve in the immediate short-run, short-run and long-run perspectives.
What will be an ideal response?