A decrease in quantity supplied
a. results in a movement downward and to the left along a fixed supply curve.
b. results in a movement upward and to the right along a fixed supply curve.
c. shifts the supply curve to the left.
d. shifts the supply curve to the right.
a
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What does the PPI measure?
A) the level of production of goods and services generated in the economy in a given year B) the average of the prices received by producers of goods and services at all stages of the production process C) the average change in the prices paid for all goods produced in the economy over a given year D) the difference between the prices consumers pay for goods and services and the prices producers pay for goods and services
In colonial days, the wealth holdings among the colonists were
a. approximately equal to their incomes b. unequally distributed among the colonists c. about the same as in 1973 d. approximately zero because there was no appreciable accumulation of assets e. equally distributed among the colonists