Suppose that during World War II the long-run aggregate supply curve shifted right. In order for price and output to have changed in the direction they did, what would have to have happened to aggregate demand?
a. It would have to have shifted left by less than aggregate supply shifted
b. It would have to have to shifted left by more than aggregate supply shifted.
c. It would have to have shifted right by less than aggregate supply shifted
d. It would have to have to shifted right by more than aggregate supply shifted.
d
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Because original ideas are likely to become known and used by others, without the inventor's knowledge or consent, ________
A) technology is the key driver of economic growth B) new ideas contribute little to economic growth C) we refer to ideas as rival D) technology is inherently exogenous
When the Act of 1873 was passed, silver was worth _________ in the market than at the mint; however, subsequent __________ in the supply of silver led to public outcry over the "demonetization" of silver under the Act. a.less; decreases b.less; increases c.more; decreases d.more; increases
Fill in the blank(s) with correct word