Which would be considered to be one of the factors that shift the aggregate supply curve in the short run? A change in:
A. Personal income taxes
B. Consumer spending
C. Government regulation
D. Profit expectations on investment projects
C. Government regulation
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The division of labor facilitates productivity increases for all of the following reasons, except one. Which is the exception?
a. It allows people to do those tasks for which they have the greatest natural ability. b. Workers get better at tasks, the more they repeat them. c. The more experience workers gain by specializing in a task, the more likely they will enjoy that task. d. More sophisticated production techniques are introduced. e. The division of labor often permits the introduction of labor-saving machinery.
Headline inflation is:
A. core inflation with the prices of food and gasoline added in. B. limited measure of inflation in the economy. C. used only by the media for discussing inflation. D. not a generally accepted measure of inflation.