What are three causes of supply-side inflation?
What will be an ideal response?
Shifting the LRAS to the left can be caused by any of the following factors: a reduction in the labor force, a reduction in the labor force participation rate, higher marginal taxes on businesses, and government programs which act as incentives for unemployed workers to not go back to work.
Economics
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When there is a surplus in the market, the quantity sold is
A) equal to the quantity supplied. B) equal to the quantity demanded. C) less than the quantity demanded. D) greater than the quantity bought.
Economics
Stagflation at the end of the 1970s was marked by increasing inflation and unemployment
Indicate whether the statement is true or false
Economics