Which of the following would likely cause aggregate demand to shift to the left?
A. Decreased income taxes
B. Decreased consumer confidence
C. Increased government spending
D. increase in investors’ confidence.
B. Decreased consumer confidence
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What generates economic growth?
What will be an ideal response?
Which of the following market models results in the highest level of consumer surplus, assuming a fixed number of firms with identical costs and a given demand curve?
A) Cournot B) Stackelberg C) Monopoly D) Cartel
The value of a resource to a firm depends on the value of the final product supplied to the market
Indicate whether the statement is true or false
During an economic downturn, it is relatively ________ for the government to make investments in infrastructure.
A. inexpensive B. inefficient C. risky D. expensive