Refer to the scenario above. Suppose you decide to buy a Toyota Corolla. You value the car for $10,000. You don't know it, but the car dealer values it for $8,500. What is the minimum price that the seller would accept for the car?

A decrease in the availability of an important major resource such as oil shifts

a. aggregate supply right. b. aggregate supply left. c. aggregate demand right. d. aggregate demand left.

All of the following are cited as factors in explaining U.S. competitiveness EXCEPT

A) large investments in scientific research. B) economic restructuring. C) widespread entrepreneurship. D) reducing the federal deficit.