Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2.
B. P2 and Y3.
C. P3 and Y1.
D. P2 and Y2.
Answer: B
Economics
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Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Reducing systemic threats to the U.S. financial system. b. Ensuring that credit ratings came from a government agency rather than private credit rating agencies c. Solving the "too big to fail" problem in the U.S. financial system. d.Reducing systemic threats to the U.S. financial system.
Economics
All firms have to incur costs because of:
A. The resources they use B. Buyers they sell to C. The profits they earn D. Revenues they receive
Economics