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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 44 times)

Beheh

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
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 :)

bassamabas

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Reply 3 on: Yesterday
:D TYSM

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