Advances in productivity increase supply because they might
A) increase the price expected in the future.
B) decrease the cost of production.
C) increase the number of firms producing the good.
D) raise the prices of resources used to produce the good.
E) decrease the number of goods available.
B
Economics
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From the Monetarist perspective, the aggregate supply curve is
A) vertical. B) horizontal. C) sensitive to changes in the money supply. D) sensitive to changes in consumption.
Economics
Exhibit 3A-1 Comparison of Market Efficiency and Deadweight Loss
As shown in Exhibit 3A-1, if the market is in equilibrium, then ____ represents total surplus.
A. ABEFD B. ABEC C. EFG D. BEF
Economics