If aggregate supply shifts from AS1 to AS2, then the price level will:
Refer to the graph above.
A. Increase and real domestic output will increase
B. Decrease and real domestic output will increase
C. Increase and real domestic output will decrease
D. Decrease and real domestic output will decrease
C. Increase and real domestic output will decrease
Economics
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"The Big Tradeoff" refers to the effect of redistribution on efficiency
Indicate whether the statement is true or false
Economics
An increase in income in other countries, other things equal, would cause U.S. _____
a. exports to decrease and imports to increase b. exports to increase and imports to increase c. imports to decrease and exports to decrease d. imports to increase and exports to remain unchanged e. imports to remain unchanged and exports to increase
Economics