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Questions and Answers
A sudden discovery of a large oil reserve would decrease the supply of natural resources.
A sudden discovery of a large oil reserve would decrease the supply of natural resources.
False
Investment in infrastructure projects can lead to a decrease in aggregate supply.
Investment in infrastructure projects can lead to a decrease in aggregate supply.
False
Technological advancements and changes in production processes have no impact on aggregate supply.
Technological advancements and changes in production processes have no impact on aggregate supply.
False
At the peak of the business cycle, economic indicators show signs of leveling off or slowing down.
At the peak of the business cycle, economic indicators show signs of leveling off or slowing down.
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A disruption in the supply chain due to a technological failure would lead to an increase in productivity.
A disruption in the supply chain due to a technological failure would lead to an increase in productivity.
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Increased regulations on businesses can raise production costs and discourage investment, leading to a decrease in aggregate supply.
Increased regulations on businesses can raise production costs and discourage investment, leading to a decrease in aggregate supply.
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During the expansion phase of the business cycle, economic activity is decreasing.
During the expansion phase of the business cycle, economic activity is decreasing.
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Adoption of automation and robotics in manufacturing can lead to lower production costs.
Adoption of automation and robotics in manufacturing can lead to lower production costs.
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Peak in the business cycle marks the transition from contraction to expansion.
Peak in the business cycle marks the transition from contraction to expansion.
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Increased taxes on businesses can lead to a decrease in production costs.
Increased taxes on businesses can lead to a decrease in production costs.
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