Refer to Figure 1A.1. The slope of the line between the points where income equals 50 and income equals 200 is

In the above figure, starting at E1, if there is a supply shock that is temporary, the

A) aggregate supply would shift to SRAS1 and LRAS0 would shift to LRAS1. B) aggregate supply would shift to SRAS2 and LRAS0 would shift to LRAS1. C) aggregate supply would shift to SRAS1 and then return to SRAS0. D) aggregate supply would shift to SRAS0 and LRAS1 would shift to LRAS0.

Logrolling refers to attempts by individuals to use government action to make themselves better off at the expense of others

Indicate whether the statement is true or false