Which of the following events will not change the composition of output in the medium run? A) an increase in government spending B) an increase in taxes C) an increase in the desire to save D) a reduction in consumer confidence E) an increase in the price target set by the central bank.

As product markets become less competitive and the markup rises, we would expect which of the following to occur?Question 19Select one:a.a reduction in the interest rate in the medium runb.a reduction in the real wage in the medium runc.No change in output in the medium run.d.an increase in the aggregate price level as output increasese.No change in the real wage in the medium run.

Which of the following represents the medium-run effect of an increase in the price target?Group of answer choicesa decline in outputan increase in the interest ratea decrease in the price levelall of the abovenone of the above

Assume the economy is initially operating at the natural level of output. Which of the following events will initially cause a shift of the aggregate supply curve?Question 5Select one:a.an increase in the price targetb.an increase in government spendingc.a decrease in the money supplyd.an increase in taxese.None of the above.

Which of the following represents the medium-run effects of a reduction in the price of oil?Question 7Select one:a.an increase in the interest rateb.No change in the level of output.c.No change in the price level.d.All of the above.e.None of the above.

If at the same time as input prices fall the government raises the rate of VATcharged on a product then:(a) Supply will tend to decrease;(b) Supply will tend to increase;(c) There will be no affect on the supply as one will cancel out the other;(d) The supply could either rise or fall depending on which is the greaterchange