A decrease in aggregate demand will
A) cause the short-run Phillips curve to shift to the right.
B) decrease unemployment.
C) move the economy to a lower point on the short-run Phillips curve.
D) cause inflation.
C
Economics
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Consider the above figure. At income level Yd = $110, the APS is equal to
A) -0.36. B) 0.32 C) 0.64. D) 1.10.
Economics
The table above shows a nation's production possibilities frontier. If the nation wants to produce 4 robots and 34 pizzas,
A) the nation will be producing inefficiently. B) the opportunity cost is 9 pizzas. C) it will shift the production possibilities frontier. D) it will be unable to do so because the production point is unattainable. E) the nation will then be producing at a production efficient point.
Economics