Increased level consumption ?
Increased level consumption ? A. shift aggregate supply to the rightB. shift aggregate supply to the left C. shift aggregate demand to the right D. shift aggregate demand to the left
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Increased level consumption ? A. shift aggregate supply to the rightB. shift aggregate supply to the left C. shift aggregate demand to the right D. shift aggregate demand to the left
Improved training of employees would ? A. Shift aggregate supply to the right B. Shift aggregate supply to the left C. Shift aggregate demand to the right D. shift aggregate demand to the left
Which of the following would increase aggregate demand ? A. Increased saving B. Increasing import spendingC. Increased taxation revenue D. increased investment
Aggregate demand will increase if ? A. consumption falls B. investment falls C. Exports fallD. imports fall
The price elasticity of supply is +4 The price increases by 15% sales were originally 200 units What will they be now ? A. 80 unitsB. 320 units C. 60 units D. 120 units
An increase in productivity should ? A. Lead to a contraction of supply B. Lead to an expansion of supplyC. Lead to a shift in supply outwards (i.e more supplied at each and every price) D. Lead to a higher equilibrium and lower equilibrium quantity
An increase in the costs of production will ? A. Shift demand outwards B. Shift demand inwards C. Shift supply outwards so more is supplied at each and every price, all other things unchangedD. Shift supply inwards
A supply curve that starts at the origin has ? A. A price elasticity of supply greater than oneB. A price elasticity of supply equal to one C. A price elasticity of supply less than one D. A positive price elasticity of supply
If a 4% increase in price leads to a increase in the quantity supplied of 8% ? A. Supply is price elastic B. Supply is income elastic C. Price elasticity of demand is -2 D. Price elasticity of supply is -2
For a normal good ? A. The price elasticity of demand is negative the income elasticity of demand is negative B. The price elasticity of demand is positive the income elasticity of demand is negativeC. The price elasticity of demand is negative the income elasticity of demand is positive D. The price elasticity of demand…