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Author Question: Other things remaining the same, a left shift in the supply curve will lead to: A) a decrease in ... (Read 100 times)

Beheh

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Other things remaining the same, a left shift in the supply curve will lead to:
 
  A) a decrease in the equilibrium price and the equilibrium quantity.
  B) an increase in the equilibrium price and the equilibrium quantity.
  C) a decrease in the equilibrium price and an increase in the equilibrium quantity.
  D) an increase in the equilibrium price and a decrease in the equilibrium quantity.

Question 2

In a demand-pull inflation, money wage rates rise because
 
  A) a decrease in aggregate demand creates a labor shortage.
  B) an increase in aggregate demand creates a labor surplus.
  C) an increase in aggregate demand creates a labor shortage.
  D) a decrease in aggregate demand creates a labor surplus.
  E) an increase in aggregate supply creates a labor shortage.



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Gabe

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Answer to Question 1

D

Answer to Question 2

C




Beheh

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


nguyenhoanhat

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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