The supply-side shocks of the 1970s shifted the aggregate supply curve inward
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In which of the following situations will both market clearing price and the equilibrium quantity increase?
A) an increase in demand with no change in supply B) an increase in supply with no change in demand C) a decrease in supply with no change in demand D) a decrease in demand with no change in supply
Economics
The long-run supply curve for a competitive, decreasing-cost industry is upsloping.
Answer the following statement true (T) or false (F)
Economics