An increase in aggregate demand results in a(n) ________ in the ________
A) recession; long run B) expansion; long run
C) recession; short run D) expansion; short run
D
Economics
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In an English auction, the winner pays a price equal to ________
A) the value of the highest bid B) the value of the lowest bid C) his value for the good D) the value of the second-highest bid
Economics
A black market develops only when quantity demanded exceeds quantity supplied
a. True b. False Indicate whether the statement is true or false
Economics
In which of the following industries is marginal cost pricing most likely?
A.) Laundry detergent. B.) Toothpaste. C.) Air travel. D.) Corn.
Economics
For all intents and purposes, the Great Depression ended in
A. 1933. B. 1937. C. 1941. D. 1945.
Economics