An increase in resources, efficiency, or technology will shift the:
A) short-run aggregate supply curve rightward.
B) short-run aggregate supply curve leftward.
C) long-run aggregate supply curve rightward.
D) long-run aggregate supply curve leftward.
C
Economics
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The most profitable output level can be found by looking at which two curves?
a. P and MR. b. MR and MC. c. MC and TC. d. P and AVC. e. AVC and ATC.
Economics
Advocates of discretionary policy make these criticisms of the economy's "self-correcting" mechanism:
a. it is slow b. it is not very reliable c. it works only when supplemented by automatic stabilizers d. All of the above are correct. e. a and b only are correct.
Economics