Answer the question based on the following list of items that are related to aggregate demand and/or aggregate supply.
Refer to the list above. Changes in which combination of factors best explain why the aggregate supply curve would shift?
A. 1 and 2
B. 2 and 10
C. 3 and 6
D. 7 and 8
D. 7 and 8
Economics
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Refer to Table 20-1. The labor force participation rate for this simple economy equals
A) (1,100/15,000 ) × 100. B) (1,000/15,000 ) × 100. C) (1,000/1,100 ) × 100. D) (1,100/20,000 ) × 100.
Economics
The abnormal net income model
A) assumes that economic profits cannot be earned in the short run. B) assumes that economic profits cannot be earned in the long run. C) employs economic profit in its valuation of a firm. D) none of these choices.
Economics