Multiple Choice
A low factor- utilization rate describes _ in factor markets, which causes factor prices to and shifts the aggregate supply curve to the .
A) excess supply; fall; left
B) excess supply; rise; right
C) excess demand; fall; right
D) excess demand; rise; right
E) excess supply; fall; right
Correct Answer:
Verified
Correct Answer:
Verified
Q15: An estimate for the value of potential
Q16: Which of the following policies is most
Q17: Many economists argue that Japan's remarkable long-
Q18: In the long run, increases in potential
Q19: Changes in any of the following variables
Q21: An economy's current GDP is $100 billion,
Q22: Changes in factor supplies have little influence
Q23: For the economy as a whole, high
Q24: In the long run, many economists argue
Q25: GDP can be represented by the equation: