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Author Question: When there is a shift the aggregate supply curve caused by factors external to a nation's economy, ... (Read 26 times)

kamilo84

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on: Jun 30, 2018
When there is a shift the aggregate supply curve caused by factors external to a nation's economy, it is called
 
  A) government control. B) an economic anomaly.
  C) a supply shock. D) a trade imbalance.

Question 2

Lesley buys 6 cappuccinos per week when her income is 900 per week and buys 8 cappuccinos per week when her income is 1100 per week. For Lesley, cappuccinos are a(n) ________ good.
 
  A) normal B) luxury C) inferior D) essential E) substitute
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Sophiapenny

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


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