As a result of the diffusion of new technology, in the long run, we would normally expect: Select one correct answerGroup of answer choicesAn increase in unemployment (holding everything else constant).The price-setting curve to shift upwards (holding everything else constant).The price-setting curve to slope downward more steeply (holding everything else constant).The price-setting curve to shift downwards (holding everything else constant).

An increase in price shifts the demand curve to the left.Group of answer choicesTrueFalse

If the demand curve for a good is horizontal and the price is positive, then a leftward shift of the supply curve results inGroup of answer choicesa price of zero.an increase in price.a decrease in price.no change in price.

When the central bank keeps the interest rate controlled, a fall in its price target will immediately cause:Group of answer choicesthe LM curve to shift downward.the AD curve to shift leftward.the price setting curve to shift down.the wage setting curve to shift upward.the wage setting curve to shift downward.

What would cause the demand curve to shift?Change in consumer preferences.Change in the number of suppliers.Change in the input costs of production.All of the above.

Which will not, ceteris paribus, cause the demand curve for good A to shift?Multiple Choicea change in the price of Aa change in the price of B, a complementa change in the price of C, a substitutean increase in average income