Which of the following shifts short-run, but not long-run aggregate supply to the right?
a. a decrease in the actual rate of inflation
b. a decrease in the expected rate of inflation
c. a decrease in the capital stock
d. a drought in the Midwest agricultural areas.
B
You might also like to view...
In the United States, barriers to entry in professional team sports (for example, football and baseball) result from
A) the draft of college players, which grants teams exclusive signing rights to individual players. B) long-term leases teams sign for stadiums and ballparks in major cities. C) the reserve clause, which is a provision in contracts of professional athletes that require them to play for specific teams over the length of their contracts. D) television contracts, which give networks the exclusive rights to broadcast games.
The percentage of the population in the two higher income classes (defined by Pew as having more than 200% of median family income) declined from more than 60% in the 1970s to 50% in 2015. Economists see the decline in the middle class as a
A. consequence of the decline in growth, not a cause of it. B. Both a cause and a consequence of the decline in growth. C. cause of the decline in growth, not a consequence of it. D. Unrelated consequence to the decline in growth.