Multiple Choice
The discovery of new iron ore fields will cause
A) the long-run aggregate supply curve to shift to the right and the short-run aggregate supply curve to shift to the left.
B) the long-run aggregate supply curve to shift to the right, but not the short-run aggregate supply.
C) the short-run aggregate supply curve to shift to the right, but not the long-run aggregate supply curve.
D) both the long-run and the short-run aggregate supply curves to shift to the right.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: What effect does a stronger dollar have
Q22: The classical economists assumed that<br>A)monopoly was widespread
Q114: Using a graph, show the effects of
Q124: In the Keynesian model in which the
Q128: Say's law argues that I. overproduction is
Q143: According to the above figure, what will
Q148: In a classical model<br>A)equilibrium real GDP is
Q202: What is Say's Law and what does
Q207: How does the original, simplified Keynesian model
Q270: If we observe an increase in real