The aggregate supply curve would shift downward if
a. unit costs increase due to an increase in output
b. the wage rate increases
c. good weather increases crop yields
d. an increase in real GDP causes the price level to decrease
e. an oil embargo causes world oil prices to rise
C
Economics
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On the eve of the American Revolution, the majority of colonists were naturally born in the colonies rather than immigrants from elsewhere
Indicate whether the statement is true or false
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The optimal bidding strategy for a second-price auction is
a. To bid your true value b. To shade your bid well below your true value c. To shade your bid just a little below your true value d. To size up your competition to determine how much to shade your bid
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