Aggregate demand grows because
a. patent laws protect and stimulate new inventions.
b. there is more machinery and technology improves.
c. the government increases its spending, a growing population increases consumer spending, and the Fed increases the money supply.
d. All of the above are correct.
c
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If interest rates in Sweden go up relative to the rest of the world, the
A) demand for Swedish currency will fall. B) demand for Swedish currency will rise. C) supply of Swedish currency will fall. D) supply of Swedish currency will rise.
Suppose that we learn that hotels in Los Angeles generally operate with an average vacancy rate of 15 percent (in other words, 85 percent of the hotel rooms are filled with guests). Given this information about excess capacity, we would judge this market to be
A. an oligopoly. B. a perfectly competitive market. C. a monopolistically competitive market. D. a monopoly.
Income transfers directly alter the mix of output and answer the question of WHAT is produced question.
Answer the following statement true (T) or false (F)
ADT, the home security company, advertises the need for home surveillance products to appeal to which level of Maslow's Hierarchy of needs?
A. safety B. self-actualization C. love D. esteem E. physiological