An increase in aggregate demand is most likely to result in
a. inflation.
b. recession.
c. economic stagnation.
d. a decrease in real GDP.
a
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A voting procedure in which the alternative that receives the most votes wins, even if that alternative does not receive a majority of the votes, is known as the
A) Borda-count method. B) Condorcet method. C) instant runoff method. D) plurality-rule method
If an asset is considered liquid, then it:
A. can be sold quickly for cash without much loss of value. B. cannot be sold quickly for cash without much loss of value. C. can be sold quickly for cash, but tends to lose value. D. can easily be traded for other assets.
The central idea behind the Troubled Asset Relief Program was for the Treasury to sell mortgage-backed securities to interested investors, wait for prices to increase, and then buy these securities back for a profit
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. Only monopolists can truly engage in price discrimination. B. Price discrimination violates our basic constitutional rights. C. Price discrimination occurs when a seller charges two or more prices for different goods or services. D. The firm that practices price discrimination needs to be able to distinguish between two or more separate groups of buyers.