Multiple Choice
A decrease in resources,efficiency,or technology will shift the:
A) short-run aggregate supply curve rightward.
B) short-run aggregate supply curve leftward.
C) long-run aggregate supply curve rightward.
D) long-run aggregate supply curve leftward.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A decrease in wealth would shift the:<br>A)aggregate
Q3: Leading,coincident,and lagging indicators are based on the
Q4: Using the aggregate demand-aggregate supply diagram,graphically illustrate
Q5: Economic variables that generally move in tandem
Q6: The aggregate production function shows the quantity
Q7: The level of potential GDP does not
Q8: Explain the long-run consequences of continued increases
Q9: Aggregate supply changes much faster than aggregate
Q10: Federal spending and taxation both affect and
Q11: Briefly explain the difference between leading,coincident,and lagging