Both Keynesian and monetarist theories believe that _______ aggregate _______ causes inflation.
A. An increase in; supply
B. Excessive; supply
C. Too little; demand
D. Excessive; demand
D. Excessive; demand
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In a successive monopoly structure, if distributor has a constant marginal cost of $5 and is paying the producer $12 per unit, which is the profit-maximizing wholesale price, what is the distributor's marginal revenue at this output level?
A) $7 B) $17 C) $12 D) $5
The larger a percentage of the population a person is, the ______________ likely that person will have to further engage with people she meets. This implies that she will generally be ____________ likely to behave unethically and poorly with the people in her town as the population of her town increases
A) more; less B) less; less C) more; more D) less; more
The multiplier principle is built on the premise that one person’s spending is another person’s
A. debt. B. obligation. C. income. D. saving.
If the price of music downloads was to decrease, then
A) the demand for MP3 players would decrease. B) the demand for MP3 players would increase. C) the supply of MP3 players would increase. D) the quantity of MP3 players demanded would decrease.