Suppose the economy is at point B. If firms expect profits will be higher in the future, to what point might the economy's move in the short run?
A) It stays at point B.
B) It shifts to a point such as A.
C) It shifts to a point such as C.
D) None of the above answers are correct because it is the SAS curve that shifts, not the AD curve.
C
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The personal distribution of income measures which of the following?
A) the distribution of earnings by the factors of production B) proportion of income generated by the four types of expenditures on goods and services C) the distribution of income among households D) the distribution of income among nations E) how federal tax revenues are related to the type of businesses that employs the taxpayers
The distinction between productivity levels and productivity growth rates is theoretical, and has no practical application
a. True b. False Indicate whether the statement is true or false