Which of the following would not cause a shift in the supply curve for a good?
a. An increase in demand for that good.
b. An increase in the cost of labor used to produce that good.
c. A change in the cost of raw materials used to produce that good.
d. A decrease in the cost of machinery used to produce that good.
a
You might also like to view...
A Phillips curve implies
A. a negative relationship between consumption and saving. B. a positive relationship between inflation and prices. C. a negative relationship between inflation and unemployment. D. a positive relationship between consumption expenditure and inflation.
Each member of the Board of Governors of the Fed: a. is from the minority of the FOMC
b. can have twelve presidential appointments. c. is authorized to set reserve requirements by the Bank Acts of 1933 and 1935. d. serves one nonrenewable term. e. is elected by the member banks which own the Federal Reserve.