Author Question: Which of the following supply shocks would shift the aggregate supply curve inward? a. A decrease ... (Read 83 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?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

For a complete list of videos, visit our video library