High levels of sales that spur high levels of investment spending is an example of a
a. vicious circle.
b. virtuous circle.
c. convergence circle.
d. divergence circle.
b
Economics
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"Allocative efficiency requires that the maximum number of people have access to all of the goods and services that our economy produces." Is this statement true or false? Explain your answer
What will be an ideal response?
Economics
Define the short-run industry supply curve. Explain the two factors that can cause the short-run industry supply curve to shift to the right
What will be an ideal response?
Economics
Use the above graph to answer question about the labor resource market faced by producers of good X. What will shift D1 to D2?
Economics
Which of the following will decrease if the Fed sells bonds?
a. autonomous consumption. b. business investment. c. real GDP. d. none of the above.
Economics