The aggregate supply curve slopes upward because as price rises the quantity of output supplied rises
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A decrease in the US cattle herd because of drought in Texas will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.
Economics
Which of the following statements is (are) correct? Over the past 20 years, the Federal Reserve
a. has only targeted monetary aggregates. b. has varied between an emphasis on interest rate control and targeting of monetary aggregates. c. has only emphasized control of the interest rate. d. None of the above
Economics