A rightward shift of the entire supply curve
A. is an increase in supply.
B. might be due to a positive change in technology.
C. might be due to a decrease in the cost of labor.
D. all of the choices are correct.
D. all of the choices are correct.
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If an economy is operating at short-run equilibrium below the level of real GDP, the self-correction model result is that: a. unemployment increases
b. unemployment falls. c. cyclical unemployment increases. d. frictional and structural unemployment increase.
Assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent and checkable deposits are the only from of money. A bank that received a new checkable deposit of $10,000 would be able to extend new loans up to a maximum of:
a. $2,000 b. $8,000. c. $9,000 d. $10,000.