1)A new process for producing glass revolutionizes the industry. Aggregate supply will a)increase. b)decrease. c)remain the same. 2)If government regulations force employers to provide dental insurance, then SRAS will a)increase. b)decrease. c)remain the same. 3)The government relaxes pollution regulations on all manufacturing firms. The determinant causing the shift in this scenario is a)price. b)productivity. c)resource cost or availability. d)none of the above. e)government intervention (taxes, subsidies, or regulations). 4)A new process for producing glass revolutionizes the industry. The determinant causing the shift in this scenario is a)price. b)productivity. c)resource cost or availability. d)government intervention (taxes, subsidies, or regulations). e)none of the above. 5) If government regulations force employers to provide dental insurance, then the determinant causing the shift in this scenario is a)price. b)productivity. c)resource cost or availability. d)government intervention (taxes, subsidies, or regulations). e)consumption. f) investment. g)net exports. h)government spending. 6)A hurricane destroys 50% of the nation's oil refining capability. The determinant causing the shift in this scenario is a)price. b)productivity. c)resource cost or availability. d)government intervention (taxes, subsidies, or regulations). e)none of the above.
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1. a 2. what's SRAS? 3. answer found in the question 4. b 5. make a guess? 6. you just don't want to do your homework yourself do you?
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