Author Question: Which of the following supply shocks would shift the aggregate supply curve inward? a. A decrease ... (Read 82 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
Which of the following supply shocks would shift the aggregate supply curve inward?
 a. A decrease in business taxes
 b. A decrease in gasoline taxes
 c. A decrease in the cost of raw materials
 d. A decrease in agricultural output
 e. A decrease in the amount and cost of government regulation

Question 2

In an economy in which velocity is constant and real output grows at an average rate of 4 percent per year, a 4 percent average rate of growth in the money supply would result in:
 a. a constant price level.
 b. a slowly increasing price level.
  c. a rapidly increasing price level.
  d. constant real GDP.
 e. constant nominal GDP.



ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

For a complete list of videos, visit our video library