Which of the following will not shift a supply curve?
A) a change in the price of relevant resources
B) a change in the good's own price
C) a change in the number of sellers
D) a change in per-unit costs brought about by a change in taxes
B
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Foreign repercussions of changes in domestic spending may cause:
a. the GDP gap to be larger than the recessionary gap. b. the equilibrium income to increase by an amount equal to the change in net exports. c. the actual spending multiplier to be larger than the reciprocal of the marginal propensity to save plus the marginal propensity to import. d. equilibrium income to rise by a smaller amount than evidenced by the multiplier effect of autonomous spending increase. e. the real GDP to be larger than potential GDP.
In the 1960s, the United States had ______ incentives for firms to reduce air pollution.
a. no b. few c. many d. too many