The development of new technology typically:
a. shifts the supply curve to the right.
b. reduces profits.
c. results in a downward movement along a supply curve.
d. increases costs of production.
e. shifts the demand curve to the right.
a
Economics
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Starting from a situation of full employment, an increase in aggregate demand creates ________ and ________ the price level
A) an inflationary gap; raises B) a recessionary gap; lowers C) a recessionary gap; raises D) a recessionary gap; does not change E) an inflationary gap; lowers
Economics
All of the following are typically considered procyclical variables except
A) the inflation rate. B) investment expenditures. C) the unemployment rate. D) expenditures on durable goods.
Economics