Refer to the diagrams. A decline in aggregate expenditures from AE 2 to AE 1 resulting from the real-balances, interest-rate, and foreign purchases effects would be depicted as:
A. a movement from A to C along aggregate demand curve AD 1 .
B. a movement from C to A along aggregate demand curve AD 1 .
C. a shift of aggregate demand from AD 1 to AD 2 .
D. a shift of aggregate demand from AD 2 to AD 1 .
B. a movement from C to A along aggregate demand curve AD 1 .
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Refer to the figure above. If the engineer spends his entire time on producing websites, how many Web sites can he produce?
A) 2 B) 5 C) 10 D) 12
The natural rate of unemployment worsens if:
a. Actually, the natural rate cannot worsen. That's why it's called "natural." b. Labor force mobility worsens. c. Capital markets become more competitive. d. A nation's resource endowments expand. e. Real wages become more flexible.
The decisions of firms and households are guided by prices and self-interest in a
a. command economy. b. centrally-planned economy. c. market economy. d. All of the above are correct.
The questions that an economic system attempts to solve include
A. what to produce. B. for whom items are produced. C. how to produce items. D. all of these.