The economy of the United States would best be classified as:
a. closed economy
b. socialism
c. command economy
d. A market system
Answer: d. A market system
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What is the AA-curve? Why does it have a negative slope? What factors cause it to shift?
What will be an ideal response?
The employer is responsible for managing funds in an employee's defined contribution pension plan
Indicate whether the statement is true or false
The interest rate falls if
a. the price level falls or the money supply falls. b. the price level falls or the money supply rises. c. the price level rises or the money supply falls. d. the price level rises or the money supply rises.
In the presence of positive external benefits, the efficient price to charge parents for the education of their children is
A. greater than the market price. B. less than the market price. C. always zero. D. always positive.