If actual output exceeds potential output, ________ shifts upward over time
A) the short-run AD curve B) the short-run AS curve
C) the long-run AD curve D) the long-run AS curve
B
Economics
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If expected inflation is 12 percent and the publicly regulated electric utility company is legally limited to a 10 percent rate of return, then we should expect
a. increased investment by the utility. b. expansion of electric power generating capacity. c. future power shortages. d. excess investment by the electric utility.
Economics
The United States is the only country in the world with minimum-wage laws
a. True b. False Indicate whether the statement is true or false
Economics