Disposable income is the primary factor that influences the ______ component of aggregate demand.
a. investment
b. consumption
c. export
d. trade deficit
b. consumption
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What is the quota for "diversity immigrants" into the U.S.?
A. 1 million per year B. 500,000 per year C. 50,000 per year D. 25,000 per year
The data in the above table show that the economy will be in a short-run macroeconomic equilibrium at a price level of
A) 90. B) 110. C) 100. D) 120.
Higher rates of employment and substantial per capital output gains seem to occur when the real economic growth rate
a. is less than 1 percent. b. is less than 2 percent. c. exceeds 3 percent. d. is between 1.5 and 2 percent.
Which of the following is TRUE?
A) Monopoly results in a higher quantity of output being sold compared with perfect competition. B) Price discrimination occurs when there are differences in prices that reflect differences in marginal cost. C) Charging all customers the same price when costs vary can actually be a case of price discrimination. D) Price discrimination guarantees that the monopolist will make a profit.