In the above figure, Jill's opportunity cost of producing 1 gallon of bottled water is ________ of soda
A) 4 gallons
B) 1/4 of a gallon
C) 1 gallon
D) 1/2 of a gallon
E) 2 gallons
C
Economics
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If potential GDP increases, then in the figure above the potential GDP line ________, and the aggregate supply curve ________
A) does not shift; does not shift B) shifts rightward; does not shift C) does not shift; shifts rightward D) shifts rightward; shifts rightward E) shifts rightward; shifts leftward
Economics
Based on the graph showing a reduction in the growth of the money supply, real wages initially rise because the decrease in inflation rate is ______.
a. too small
b. too slow
c. expected
d. unanticipated
Economics