Which of the following will cause an outward (rightward) shift in the supply curve?
A) a reduction in the price of the good
B) an increase in the price of labor input
C) an increase in the number of consumers
D) technological progress
D
Economics
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An increase in taxes will increase total planned expenditures for goods and services
Indicate whether the statement is true or false
Economics
If the simple quantity theory of money predicts well, what would we expect to see (in the real world)?
A) changes in the money supply strongly correlated with changes in interest rates B) changes in the money supply strongly correlated with changes in inflation rates C) changes in Real GDP strongly correlated with changes in the money supply D) changes in velocity strongly correlated with changes in the money supply E) none of the above
Economics