Well-being can be increased by:
A. policies that help people do business more efficiently.
B. technologies that help people share more and better information.
C. increasing the availability of accurate information.
D. All of these are true.
D. All of these are true.
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
How can the Cambridge equation be restated according to Friedman's money demand theory?
a. Md = k(rB, rE, rD)Py b. Md = k/Py(rB, rE, rD) c. Md = Py/k(rB, rE, rD) d. Md = (rB, rE, rD)Py/k
If a 5 percent decrease in the price of a good produces a 5 percent increase in the quantity demanded, the price elasticity of demand is:
A. perfectly elastic. B. unitary elastic. C. elastic. D. inelastic.
India lags China in the development of a large manufacturing sector
Indicate whether the statement is true or false