Which of the following is the most likely explanation for inflation in the United States?
A. increases in aggregate supply
B. increases in aggregate demand
C. decreases in aggregate supply
D. decreases in aggregate demand
Answer: B
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From the banker's perspective, dollars held as required reserves in bank vaults
A) earn a low rate of interest. B) earn no rate of interest. C) earn a market rate of interest. D) earn profits.
During democratic presidential administration since 1948, economic growth was highest in ________ year of the administration?
A) first B) second C) third D) fourth
In 2004, hurricanes destroyed a large portion of Florida's grapefruit crop. How did this affect the market price and market quantity of grapefruit?
What will be an ideal response?
Which of the following is TRUE about public goods?
A) Consumption is rival and nonexcludable. B) Consumption is nonrival and excludable. C) Efficient provision occurs at the level of output at which total benefit is equal to total cost. D) Unregulated private markets produce less than the efficient quantity of a public good.