An increase in the price of nonlabor inputs
A) shifts the AD curve leftward.
B) shifts the SRAS curve leftward.
C) is the same thing as a beneficial supply shock.
D) shifts the AD curve rightward.
E) shifts the SRAS curve rightward.
B
Economics
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Taxes create deadweight loss when they
a. distort behavior. b. cause the price of the product to increase. c. don't raise sufficient government revenue. d. cannot be computed easily.
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Game theory enables economists to fully understand and predict the behavior of oligopolistic industries with more than two firms.
Answer the following statement true (T) or false (F)
Economics