The economy experiences an increase in the price level and a decrease in real domestic output. What is a likely explanation?     Select one: a. government expenditures decreased b. resource prices have increased c. productivity has increased d. business taxes have decreased

A vertical long-run aggregate supply curve shows that:(a) wages and prices are sticky.(b) changes in technology do not affect the productive capacity of the economy.(c) the availability of resources does not affect the productive capacity of the economy.(d) changes in the price level do not affect the full employment productive capacity of the economy

AP Macro AD/AS Practice

A structural change in quantity demanded of a good is known as: A. Change in Demand B. Shift in Demand C. Law of Demand

If there is a surplus of loanable funds, then the quantity of loanable funds    a. supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium.     b. demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium.     c. demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium.     d. supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium

Economics

CHAPTER 5 即 Date Name Name WHAT FACTORS AFFECT SUPPLY?, CONTINUED excise tax VOCABULARY HUNT In change in supply your notes circle each term. labor productivity input costs Be sure you understand its meaning. APPLICATION Mark It Up! ZAe Baihn Cormered BAAJi 222 Z. The plan to increase productivity by canceling coffee breaks flopped. O Mike Baldwin/www.CartoonStock.com 7. Reread your notes on "Changes in Supply." On the cartoon, underline or circle the factor affecting supply. 8. How did the business owner try to change supply, and what was the result? 9. How would the supply curve change because of the situation in the cartoon? 10. What is the main technique the cartoonist uses to deliver the message? Explain. Original content Copyright Houghton Mifflin Harcourt Publishing Company. Changes to original content are the responsibility of the instructor. 34 Reading Study Guide Economics Chapter 5: Supply

Which circumstance would contribute to a relatively flat slope of the short-run aggregate supply curve?(a) An increase in investment spending on residential construction causes an increase in wages for skilled carpenters.(b) An increase in foreign tourists coming to the United States causes an increase in prices of lodging at resort destinations.(c) A high number of vacancies in a shopping mall allows retail tenants to take on larger spaces with no increase in rent.(d) An increase in consumption spending on home furnishings allows furniture stores to reduce the number of promotional discounts offered.

I need help with 15, 16, 17

A binding price floor causes Select one: a. excess demand b. equilibrium price to fall. c. a surplus d. a shortage.