Aggregate demand (price) & GDP
What will be an ideal response?
aggregate demand & spending will stimulate economy
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Technological change and labor productivity are negatively related
a. True b. False Indicate whether the statement is true or false
Democracy tends to best promote economic freedom when there is
a. checks on the power of both the executive and legislative majorities. b. constitutional protection of private property rights. c. political decentralization. d. all of the above.
Which of the following does NOT describe the intended purpose of the antitrust laws of the United States?
A. to prohibit certain economic activities that promote trade B. to reduce the power of monopolies C. to promote competition within the economic system D. to restrict the formation of monopolies
One of the strongest motivations for holding the Bretton Woods Conference was to design new international institutions that would
A) contain communism. B) help countries avoid the mistakes of the 1920s and 1930s. C) provide a collective defense security for Western Europe and North America. D) ensure that world prices were not rising too rapidly.