The model of supply and demand is very good at predicting ______.
a. government policies for large and small markets
b. government policies for just large markets
c. changes in prices in large and small markets
d. changes in quantities in large markets but not small ones
c. changes in prices in large and small markets
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Gross domestic product includes
a. all intermediate and final goods and services produced. b. the current production of final goods and services with a country's borders. c. exchanges of assets. d. the current production of final goods and services by a country's citizens. e. All of the above
In which one of the following currencies is an international loan likely to be measured?
a. German mark b. Japanese yen c. Chinese yuan d. Swiss franc
Fiat money is generally issued by
A) private banks. B) central banks. C) brokerage firms. D) major multinational corporations.
A decrease in productivity will shift
A. aggregate supply to the right. B. aggregate supply to the left. C. aggregate demand to the left. D. aggregate demand to the right.