When a supply shock is permanent
A) both the long-run and short-run aggregate supply curves shift leftward.
B) there are no shifts in either the long-run or short-run aggregate supply curve.
C) only the long-run aggregate supply curve shifts leftward.
D) only the short-run aggregate supply curve shifts leftward.
A
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Regarding the role of saving in economic growth, studies indicate that
A) there is both a positive and a negative relationship between economic growth and saving. B) there is a positive relationship between economic growth and saving. C) there is a negative relationship between economic growth and saving. D) there is no relationship between economic growth and saving.
The shared values and trust that promote cooperation in the economy are referred to as:
a. academic capital. b. social capital. c. human capital. d. physical capital.