The short-run aggregate supply curve would shift and the long-run aggregate supply curve would remain fixed if
A) there was a temporary shock that influenced the supply side.
B) there was a permanent increase in aggregate demand along with a permanent decrease in aggregate supply.
C) there was a permanent increase in aggregate demand.
D) there was a temporary shock to aggregate demand.
A
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Rapid population growth in Malthus's theory is constrained through:
A) higher fertility and reduced mortality. B) reduced fertility and higher mortality. C) higher fertility and mortality. D) reduced fertility and mortality.
Which of the following statements is false?
A) If Mexican restaurant owners provide free chips and salsa to their customers, the quantity demanded of chips and salsa will be greater than if customers had to pay for them. B) If the price of a good falls, then the demand for its complements will increase. C) If the price of a good rises, then the price of its complements will rise. D) If chips and salsa are offered for free to Mexican restaurant customers, then restaurants can charge a higher price for products that are complements to chips and salsa (such as beer).