change in demand
What will be an ideal response?
a shift of the curve caused by anything other than the change in price of the good in question
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Figure 7-9
Of the graphs in Figure 7-9, which represents total fixed cost?
A. 1 B. 2 C. 3 D. 4
From the 1960s through the 1990s military expenditures increased as a percentage of GDP and they were a major influence in the continued growth of government outlays
a. True b. False
According to the classical dichotomy, which of the following is influenced by monetary factors?
a. real GDP b. unemployment c. nominal interest rates d. All of the above are correct.
In general we may note that inflation:
A. always increases purchasing power. B. should try to be avoided at all costs. C. doesn't necessarily harm purchasing power. D. always decreases purchasing power.