Multiple Choice
Which of the following shifts the aggregate supply curve to the left?
A) An improvement in computer technology
B) A war that forces people to ration their food and their use of energy
C) An increase in real wage rates
D) Discovery of a new oil field
E) Lower oil prices in the world market
Correct Answer:
Verified
Correct Answer:
Verified
Q18: If workers realize that an increase in
Q19: If the short-run Phillips curve shifts to
Q20: Hyperinflation in developing countries is typically the
Q21: To some economists, the "great moderation" means:<br>A)small
Q22: Suppose the inflation rate has risen 0.5
Q24: The figure given below shows the Phillips
Q25: Which of the following would not be
Q26: Identify the correct statement.<br>A)The removal of financial
Q27: Contrary to what believers in the Phillips
Q28: The shape of the long-run Phillips curve