When national income in other nations decreases, aggregate demand in our economy ________.
A. decreases because our imports will increase
B. decreases because our exports will decrease
C. increases because our imports will decrease
D. increases because our exports will increase
Answer: B
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Refer to the figure below. 
In the figure, which interval represents a business cycle expansion?
A. A to B B. B to D C. B to C D. A to C
Why does the double taxation of saving occur? Provide a numerical example of the double taxation of saving under a traditional income tax
What will be an ideal response?
Which of the following explains economics as it should be?
a. microeconomics b. ideal economics c. delusional economics d. normative economics
Suppose when the price of calculators is $18, the quantity demanded is 90, and when the price is $22, the quantity demanded drops to 70. Using the mid-point method, the price elasticity of demand is:
A. -25 B. - 1.25 C. - 20 percent D. - 25 percent