Workers expect inflation to fall from 4% to 1% next year. As a result, this should
A) shift the short-run aggregate supply curve to the right.
B) move the economy down along a stationary short-run aggregate supply curve.
C) move the economy up along a stationary short-run aggregate supply curve.
D) shift the short-run aggregate supply curve to the left.
A
Economics
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The speed with which money circulates through the economy is called the
a. oversimplified multiplier. b. velocity of circulation. c. exchange rate. d. money multiplier.
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Apple is an American company, but its iPhones are assembled in China. The sale of each iPhone then is counted in China’s GDP as:
A. consumption. B. investment. C. an import. D. an export.
Economics