A rightward shift in the aggregate demand curve can be caused by an increase in:
A. the price level.
B. business investment spending.
C. taxes.
D. production costs.
Answer: B
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________ regularly trade their own gain against others' lives
A) Corporations B) Governments C) Individual people D) all of the above
All economists agree that to justify that market failure has occurred, it is sufficient to have the market choose an inferior product over a superior product.
Answer the following statement true (T) or false (F)
The Law of Diminishing Marginal Utility suggests that
A. when you consume more, you are less happy. B. the more you consume, the less extra enjoyment you get out of each additional unit. C. when you consume more, society is less well off. D. when prices are higher, you buy more.
In order to calculate the real deficit, economists need to know the:
A. rate of inflation, the debt, and the nominal deficit. B. rate of inflation and the debt. C. nominal deficit and the rate of inflation. D. rate of inflation, the debt, and the real interest rate.