Suppose the price of a natural resource like oil falls. What will be the effect on SRAS curve?
A. Movement to the left along the AS curve
B. AS curve will shift to the left
C. Movement to the right along the AS curve
D. AS curve will shift to the right
Answer: D. AS curve will shift to the right
Economics
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Limited personal liability is an advantage for
A) sole proprietorships and partnerships. B) partnerships and corporations. C) sole proprietorships and corporations D) corporations.
Economics
In order to predict behavior, economic models must be realistic.
Answer the following statement true (T) or false (F)
Economics