All of the following will shift the short-run aggregate supply (SRAS) curve EXCEPT
A) a change in the price of labor. B) technological progress.
C) a change in the price of a needed raw material. D) a change in the price level.
D
Economics
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The sum of consumer surplus and producer surplus is called economic surplus
Indicate whether the statement is true or false
Economics
Data on convergence suggests:
a. poor countries are converging with the median country. b. rich countries are converging with other rich countries. c. only countries with the same populations are convergine. d. none of the above.
Economics