The change in potential real GDP and aggregate supply shown in the graph above can be a result of
A) a fall in the price level.
B) a decrease in the money wage rate.
C) an increase in the real wage rate.
D) an increase in the quantity of capital.
E) a decrease in the money price of oil.
D
Economics
You might also like to view...
Refer to Figure 18.3. In autarky, the maximum amount of pogo sticks that Livonia can produce is
A) 120. B) 100. C) 80. D) 40.
Economics
In effect, the U.S. does subsidize high-tech firms by subsidizing R&D. This is done through
A) the budget of the Department of Education. B) systematic protection through the levying of tariffs. C) systematic protection through the establishment of NTBs. D) relatively accelerated "depreciation" of R&D investment in the Federal tax codes. E) subsidies for high-tech firms.
Economics