Along the aggregate supply curve
A) the horizontal part represents a situation where the economy is operating above full employment levels.
B) inflation would be a primary concern along the horizontal part of the aggregate supply curve.
C) the horizontal section of the aggregate supply curve represents the limit of production.
D) the middle, upward-sloping part of the aggregate supply curve would be associated with a growing economy that experienced increased prices from resources that are becoming relatively scarce.
D
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Which of the following does not aid the process of globalization?
a. Lower transportation costs b. Cheaper telecommunication c. Discrimination of workers based on age d. International agreements that encourage trade
Effective usury laws cause:
A. a surplus in the market for loanable funds. B. the quantity of loanable funds demanded to be brought into balance with the quantity supplied. C. the quantity of loanable funds demanded to exceed the quantity supplied. D. the quantity of loanable funds supplied to exceed the quantity demanded.