If aggregate demand increases and as a result equilibrium real GDP and employment increase but the price level remains unchanged, we can assume that the aggregate demand curve
A. is vertical.
B. is horizontal.
C. intersects a vertical segment of the aggregate supply curve.
D. intersects a horizontal segment of the aggregate supply curve.
D. intersects a horizontal segment of the aggregate supply curve.
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The prime engine of growth in market economies is
A) government spending B) consumer spending C) innovation D) private saving
Consider a good whose own price elasticity of demand is -0.5 and price elasticity of supply is 1.5. The fraction of a specific tax that will be passed through to consumers is ________
A) 0 B) 0.25 C) 0.5 D) 0.75 E) 1
Answer the following statement(s) true (T) or false (F)
1. Standard setting under the Safe Drinking Water Act Amendments of 1996 ignores benefit-cost analysis. 2. The EPA under the Obama administration devised a Drinking Water Strategy with goals that include addressing contaminants as groups instead of one at a time. 3. Under the law, priority contaminants are those that are expected to have an adverse effect on the ecology. 4. Under U.S. law, National Primary Drinking Water Regulations (NPDWRs) have been announced for hundreds of chemicals, microorganisms, and radionuclides. 5. Each National Primary Drinking Water Regulation (NPDWR) includes a Maximum Contaminant Level Goal (MCLG), a Maximum Contaminant Level (MCL), and Best Available Technology (BAT).
The branch of knowledge concerned with the production, consumption, and transfer of wealth.