As price rises, quantity supplied ____________.
Fill in the blank(s) with the appropriate word(s).
rises
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Society can increase its output and income by increasing its
A. resources and/or the productivity of the resources. B. private and public sectors of the economy. C. spending and taxes. D. markets and prices.
Give examples of factors that decrease aggregate demand. Which way does the aggregate demand curve shift?
What will be an ideal response?
Which of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness?
A) inflation B) discouraged workers C) people employed in the underground economy D) unemployed persons falsely report themselves to be actively looking for a job
All of the following statements about consuming in excess of one's disposable income are true, except:
A. It is possible, and it's called dissaving B. In this case, the values of both saving and the APS are negative C. (APC + APS) will be less than 1 in this situation D. The value of APC will be greater than 1 in this case