A rightward shift in an aggregate demand curve will cause
A. Higher prices, but not higher output, if the aggregate supply curve is vertical.
B. No change in prices or output if the aggregate supply curve is upward-sloping.
C. Higher output, but no change in prices, if the aggregate supply curve is vertical.
D. Higher prices, but no change in output, if the aggregate supply curve is horizontal.
Answer: A
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A) the cooperation of other people. B) the entire legal system to adjudicate them fairly. C) the police to enforce them. D) non-property (public rights).
The circular flow shows that the household sector earns its income by
A) selling factors of production. B) buying factors of production. C) selling goods and services. D) selling financial assets.
What, if any, is the impact of the CPI bias on government spending?
What will be an ideal response?
The primary purpose of WTO is to:
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