An increase in the level of immigration into a nation would cause the:
A. long-run aggregate supply curve to shift to the right.
B. long-run aggregate supply curve to shift to the left.
C. short-run aggregate supply curve to shift to the left.
D. long-run aggregate supply to remain fixed.
A. long-run aggregate supply curve to shift to the right.
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A growing consensus among economists is that ________ policy is better suited for controlling GDP because of the promptness of ________ in making policy decisions
A) monetary, the Federal Reserve B) monetary, Congress C) fiscal, the Federal Reserve D) fiscal, Congress
An example of opportunity cost:
a. is the Chinese food that you gave up when you chose to eat Italian food. b. is the tuition that you pay to attend college. c. for a professor of economics is the pleasure that he or she derives from teaching economics. d. is sweets given up by a person who would never eat them even if he or she could. e. is the amount spent on buying movie tickets.