In constructing a short-run aggregate supply curve, we assume that the goal of business is to:
a. maximize sales revenue.
b. maximize profit.
c. maximize growth in assets.
d. maximize growth in sales.
e. minimize cost.
Question 2
At a given point in time, if the demand for money increases:
a. the interest rate will fall.
b. there will be a movement downward along the money demand curve.
c. there will be a movement upward along the money demand curve.
d. there will be a rightward shift of the money demand curve.
e. there will be a leftward shift of the money demand curve.
The Light Curve of a Nova
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Hockey stick” curve
The original Supply and Demand graph
Constructing a restriction map (2 of 5)