Which of these is assumed to be constant along an aggregate supply curve?
a. The price level in an economy
b. The exchange rate between the domestic and a foreign currency
c. The state of technology used in production
d. The unemployment rate
e. The real GDP
c
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Why do the regulated companies oppose deregulation?
a. They would be deprived of an opportunity to compete with other firms. b. They would be deprived of their rights to continue business. c. They would be denied any kind of support from the government. d. They would incur losses on account of increased competition. e. They would become unpopular as they would no longer be controlled by the government.
An increase in the price of poultry would lead to
a. a decrease in quantity demanded of fish and an increase in the demand for poultry. b. a decrease in quantity demanded of poultry and an increase in the demand for fish. c. an increase in quantity demanded of fish and a decrease in the demand for poultry. d. an increase in quantity demanded of poultry and a decrease in the demand for fish.