An increase in which of the following would cause an increase in aggregate supply?
a) labor productivity
b) the wage rate
c) prices of imports
d) consumer spending
e) interest rates
Ans: a) labor productivity
Economics
You might also like to view...
If an industry were perfectly competitive, the four-firm concentration ratio would be close to ________ and the Herfindahl-Hirschman index would be close to ________
A) 0; 0 B) 0; 100 C) 100; 0. D) 100; 100.
Economics
Over the past 100 years, as the U.S. economy's income has grown,
a. tax rates have decreased, while tax revenues have increased. b. tax rates have increased, while tax revenues have decreased. c. both tax rates and tax revenues have increased. d. both tax rates and tax revenues have decreased.
Economics