The price of imported oil decreased in 2001 . How did this affect the aggregate supply curve?
a. It became steeper.
b. It became flatter.
c. It shifted inward.
d. It shifted outward.
d
Economics
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In the short run, a firm should shut down if its economic loss from operating exceeds its total fixed cost
a. True b. False Indicate whether the statement is true or false
Economics
A balanced budget is present when:
a. the economy is at full employment. b. the actual level of aggregate spending equals the planned level of spending. c. public sector spending equals private sector spending. d. government revenues equal government expenditures.
Economics