The International Monetary Fund (IMF) makes loans to encourage economic development.
Answer the following statement true (T) or false (F)
False
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The aggregate demand curve shows the ________ relationship between the price level and ________
A) positive; the quantity of real GDP demanded B) negative; aggregate labor demanded C) positive; aggregate labor demand D) negative; the quantity of real GDP demanded
In what ways can expectations change your demand for a product today?
What will be an ideal response?
Which statement is true?
A. Entrepreneurial ability is abundant in the U.S. B. The entrepreneur sets up a business and risks his or her own money. C. Land, labor and capital may be considered passive resources. D. All of the statements are true.
According to economists, economic self-interest:
A. is a reality that underlies economic behavior. B. has the same meaning as selfishness. C. means that people never make wrong decisions. D. is usually self-defeating.