Microeconomics

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In 2009, actual output in the U.S. was 4.7 percent below the potential output. This implies that ... Started by mrsjacobs44	1 Replies 91 Views	Jun 30, 2018 by epscape
Which of these is an advantage of long-term contracts in resource markets? a. Long-term contracts ... Started by Pea0909berry	1 Replies 156 Views	Jun 30, 2018 by honnalora
In the long run, a leftward shift of the aggregate demand curve will lead to a(n): a. increase in ... Started by mp14	1 Replies 57 Views	Jun 30, 2018 by lkanara2
Which of the following is most likely to cause the long-run aggregate supply curve to shift ... Started by stock	1 Replies 42 Views	Jun 30, 2018 by ndhahbi
Which of the following is most likely to shift the potential output of an economy to the right? a. ... Started by penguins	1 Replies 54 Views	Jun 30, 2018 by samiel-sayed
Which of the following is most likely to increase long-run aggregate supply in an economy? a. A ... Started by vinney12	3 Replies 44 Views	Jun 30, 2018 by olivia_paige29
Which of the following is true of a beneficial supply shock? a. It can lead to a temporary lower ... Started by FButt	1 Replies 63 Views	Jun 30, 2018 by Juro
An economy's potential level of output can be altered by changes in: a. the actual price level. b. ... Started by littleanan	1 Replies 114 Views	Jun 30, 2018 by durant1234
The capital stock of an economy increases: a. whenever money in circulation is decreased. b. ... Started by Anajune7	1 Replies 52 Views	Jun 30, 2018 by nhea
The main effect of an increase in capital stock is a(n): a. rightward shift of the long-run ... Started by 2125004343	1 Replies 56 Views	Jun 30, 2018 by Yixagurpuldink
Which of the following supply shocks will shift the long-run aggregate supply curve outward? a. An ... Started by laurencescou	1 Replies 93 Views	Jun 30, 2018 by stanleka1
Which of these is not a beneficial supply shock? a. An abundant harvest that increases food ... Started by DyllonKazuo	1 Replies 100 Views	Jun 30, 2018 by shayla
Given the aggregate demand curve, a beneficial supply shock will: a. increase potential output and ... Started by genevieve1028	1 Replies 75 Views	Jun 30, 2018 by Missbam101
Which of these is most likely to shift the long-run aggregate supply curve to the left? a. An ... Started by Chloeellawright	3 Replies 84 Views	Jun 30, 2018 by nicoleclaire22
Which of these is most likely to reduce the potential output of an economy? a. An increase in the ... Started by justinmsk	1 Replies 45 Views	Jun 30, 2018 by nguyenhoanhat
Suppose an economy is initially in long-run equilibrium and it then experiences a supply shock in ... Started by fbq8i	1 Replies 57 Views	Jun 30, 2018 by b614102004
The main effect of a decrease in the stock of capital is a(n): a. rightward shift of the short-run ... Started by jenna1	1 Replies 66 Views	Jun 30, 2018 by janeli1
Given the aggregate demand curve, an increase in the supply of a productive resource will: a. ... Started by Kikoku	1 Replies 41 Views	Jun 30, 2018 by canderson530
Which of the following changes best represents the effect of the oil embargo (a shut-off of oil from ... Started by dalyningkenk	1 Replies 74 Views	Jun 30, 2018 by lkanara2
If global pollution causes climatic changes that permanently harm crop production worldwide, ... Started by HCHenry	1 Replies 84 Views	Jun 30, 2018 by steff9894
Stagflation is defined as: a. decreased output accompanied by a higher price level. b. decreased ... Started by tth	1 Replies 182 Views	Jun 30, 2018 by tandmlomax84
Which of the following supply shocks would shift the aggregate supply curve inward? a. A decrease ... Started by CBme	3 Replies 90 Views	Jun 30, 2018 by ttt030911
An adverse supply shock would shift: a. only the short-run aggregate supply curve outward. b. only ... Started by cmoore54	1 Replies 100 Views	Jun 30, 2018 by paavo
Workers usually negotiate compensation in terms of the nominal wage because wage agreements are ... Started by frankwu	1 Replies 119 Views	Jun 30, 2018 by asdfghjkl;
At the potential level of output, there is no seasonal unemployment. a. True b. False Indicate ... Started by leilurhhh	1 Replies 79 Views	Jun 30, 2018 by ankilker