An increase in planned investment will shift the _____
Fill in the blank(s) with the appropriate word(s).
aggregate demand curve rightward.
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Adam Smith argued that government should actively intervene in market to improve economic performance
a. True b. False Indicate whether the statement is true or false
In an attempt to keep unemployment rate below its natural rate, many Latin American countries used expansionary fiscal and monetary policies heavily. These policy choices were the main reason why these same countries
a. true b. false
"Offshoring":
A. is the movement of money to foreign bank accounts. B. is the shifting of work previously done by domestic workers to workers located in other countries. C. applies only to manufactured goods. D. hurts all domestic industries in a country.
Jobs in the U.S. textile industry can be saved by imposing tariffs upon textiles imported into the U.S., but the cost to U.S. consumers is estimated to be approximately
A. $49,000 annually per job saved. B. $23,000 annually per job saved. C. $94,000 annually per job saved. D. $148,000 annually per job saved.