Which of the following shifts the aggregate supply curve rightward?
A) increase in real GDP
B) increase in the money price of oil
C) increase in the money wage rate
D) increase in potential GDP
E) increase in consumers' incomes
D
Economics
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An import quota on sugar
A) increases the imports of sugar and lowers its price. B) increases the imports of sugar and raises its price. C) increases the demand for sugar and raises its price. D) decreases the imports of sugar and raises its price.
Economics
In the figure above, if the market is unregulated, then at the equilibrium output level, the marginal social cost of production
A) is less than the marginal benefit to consumers. B) exceeds the marginal benefit to consumers. C) equals the marginal benefit to consumers. D) equals the marginal private cost of production.
Economics