Aggregate demand includes:
a. the demand for intermediate goods and final goods
b. all monetary and nonmonetary transactions.
c. the demand for investment, including stocks, bonds, and gold.
d. the demand for final goods and services.
d
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Rio Tinto's incentive to adopt new robotic technology was increased by the high wages it was having to pay to attract miners and truck drivers. In this instance, Rio Tinto began using new robotic technology to
A) substitute labor for capital in production. B) add labor as a complementary resource for its capital. C) add capital as a complementary resource for its labor. D) substitute capital for labor in production.
What are tax loopholes and what are their effects?
What will be an ideal response?
The typical welfare family consists of a ____________ and ____________ children.
Fill in the blank(s) with the appropriate word(s).
The sale of a used automobile would not be included in the GDP for the current year because it is a:
A. nonmarket transaction. B. public transfer payment. C. noninvestment transaction. D. nonproduction transaction.