An increase in labor productivity shifts the labor ________ curve ________. A: demand; rightward B: demand; leftward C: supply; rightward D: supply; leftward

The supply curve for bonds has the usual upward slope, indicating that as the price _________, ceteris paribus, the _________ increases. A: falls; supply B: falls; quantity supplied C: rises; supply D: rises; quantity supplied

Rising oil prices in the U.S. during the 1970s caused the economy’s ( ) A: aggregate supply curve to shift to the right. B: aggregate supply curve to shift to the left. C: aggregate demand curve to become vertical. D: aggregate demand curve to become horizontal.

An decrease in the price of oranges would lead to a(n) A: increased supply of oranges. B: increase in the prices of inputs used in orange production. C: a movement down and to the left along the supply curve for oranges. D: a movement up and to the right along the supply curve for oranges.

What sort of event could lead to a simultaneous decrease in the rates of inflation and unemployment? A: a decrease in money supply B: an increase in money supply C: an adverse supply shock D: a decrease in material prices E: restrictive monetary policy following an adverse supply shock