During the past 50 years, the production possibilities of the United States have expanded, increasing both short-run and long-run aggregate supply. Other things constant, this would lead to
a. an expansion in output and an increase in prices.
b. an expansion in output and a decrease in prices.
c. no change in either output or prices.
d. no change in output and a decrease in prices.
B
Economics
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The value of the put option rises when the underlying asset
A) experiences price increases. B) experiences price declines. C) experiences reduced volatility. D) has a relatively short maturity.
Economics
According to most experts, which of the following factors is most important in causing health care costs to rise?
A. The aging of the population. B. Rising incomes. C. Malpractice suits. D. Fee-for-service health insurance and cost-increasing technology.
Economics