The aggregate supply curve shifts rightward when
A) the money wage rate falls.
B) government purchases increase.
C) potential GDP decreases.
D) income taxes increase.
E) the money wage rate rises.
A
Economics
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Sally derives utility from consuming apples and tacos as shown in the table above. Apples cost $1 each and tacos cost $2 each. If Sally's income is $9, she will consume
A) 5 apples and 2 tacos. B) 3 apples and 3 tacos. C) 1 apple and 4 tacos. D) no apples and 4 1/2 tacos.
Economics
Which of the following schools of thought are policy interventionists favoring activist aggregate demand management to stabilize output and employment?
a. Keynesians b. Monetarism c. The new classical economics d. The classical economics e. None of the above
Economics