A movement along the aggregate demand curve would be caused by a change in:
A. an appreciation in the value of the U.S. dollar.
B. the quantity of real output demanded.
C. an aggregate demand determinant.
D. the price level.
Answer: D
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About how many commercial banks are operating in the United States?
A. 8,000 B. 9,000 C. 10,000 D. Over 15,000
Proponents of a command economy argue that it promotes:
A. efficiency. B. equity. C. consumer sovereignty. D. economic growth.
In 2015, Exxon Mobil, the world's largest oil company, spent $31 billion on
A. exploration and capital investment. B. defending itself against class-action lawsuits. C. executive compensation. D. payments to people affected by oil spills.
Economists use the mechanism of supply and demand to study
A. inflation. B. unemployment. C. environmental protection. D. All of these responses are correct.