An increase in oil prices will shift the aggregate:
a. demand curve leftward.
b. demand curve rightward.
c. supply curve leftward.
d. supply curve rightward.
c
Economics
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Refer to the above figure. A shortage occurs if the government imposes
A) a price floor at $60. B) a price floor at $20. C) a price ceiling at $60. D) a price ceiling at $20.
Economics
Since 1960, the natural rate of unemployment in the U.S. has been between
a. 0% and 1%. b. 5% and 6%. c. 10% and 12%. d. 12% and 24%.
Economics