Refer to the above figure. For a normal good, the rightward shift of the curve could have been caused by
A) a technological improvement.
B) an increase in the cost of inputs.
C) an increase in income.
D) a decrease in income.
C
Economics
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Suppose the U.S. GDP growth rate is slower relative to other countries' GDP growth rates. This will
A) shift the aggregate demand curve to the left. B) move the economy down along a stationary aggregate demand curve. C) shift the aggregate demand curve to the right. D) move the economy up along a stationary aggregate demand curve.
Economics
Macro equilibrium is established at which price level, given AD1 and AS1 in Figure 8.3?
A. P1. B. P2. C. P3. D. P4.
Economics