Economic stagnation coupled with high inflation is commonly called:
A. stagflation.
B. inflationary stagnation.
C. stagnatory growth.
D. inflagnation.
Answer: A
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If the supply of solar panels increases,
A) the price and quantity of solar panels increases. B) the demand for solar panels increases. C) the quantity demanded of solar panels decreases. D) the price of solar panels decreases and the quantity increases. E) None of the above.
Health care costs have been rising due to
A) an aging population. B) new technologies. C) third-party financing. D) All of the above are correct.
The marginal revenue curve is ________ the demand curve, and that total revenue reaches a ________ where marginal revenue is zero
a. below; minimum b. below; maximum c. above; minimum d. above maximum
In the situation shown on this graph, the multiplier effect on aggregate demand is ______.
a. half the effect the initial government purchase has on it
b. double the effect the initial government purchase has on it
c. equal to the effect the initial government purchase has on it
d. equal but opposite to the effect the initial government purchase has on it