Supply-side policies are focused on ______.
a. short-run stabilization
b. both short and long-run stabilization
c. increasing long-run industry regulation
d. decreasing long-run aggregate supply
b. both short and long-run stabilization
Economics
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Consumers often base their spending on their estimated permanent income
Indicate whether the statement is true or false
Economics
A shoe factory has an elasticity of supply of .5 as the price of shoes rises from $50 to $75. If the factory produced 100,000 shoes at a market price of $50, how many will be produced at the new price?
(A) 125,000 (B) 400,000 (C) 200,000 (D) 75,000
Economics