If natural gas is replaced by solar power as a more efficient form of energy, we should expect _____
a. a leftward shift of the aggregate supply curve
b. higher production prices at every output level
c. a decline in the growth of total output
d. a decrease in the stock of energy-efficient capital goods
e. an increase in total factor productivity
e
Economics
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A market is in equilibrium when
A) supply is equal to demand. B) the price is adjusting upward. C) the quantity supplied is equal to the quantity demanded. D) tastes and preference remain constant.
Economics
An increase in interest rates will generally lead to a(n) ____ in present investment and a(n) ____ in future income and production
a. decrease, decrease b. decrease, increase c. increase, decrease d. increase, increase
Economics