Other things equal, an improvement in productivity will:
A. shift the aggregate demand curve to the left.
B. shift the aggregate supply curve to the left.
C. shift the aggregate supply curve to the right.
D. increase the price level.
C. shift the aggregate supply curve to the right.
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According to a recent study, "Stricter college alcohol policies, such as raising the price of alcohol, or banning alcohol on campus, decrease the number of students who use marijuana"
On the basis of this information, how would you describe alcohol and marijuana? A) The two goods are substitutes in consumption. B) The two goods are complements in consumption. C) They are both luxury goods. D) There is no relationship between the two goods.
Who owns the Federal Reserve banks?
A) the private commercial banks in each district which are members of the Federal Reserve System B) those households which have purchased stock in Federal Reserve System C) the federal government D) the governments of the states in which the banks are located