The classical theory of employment held that the savings of households would all be _____.
Fill in the blank(s) with the appropriate word(s).
borrowed by business firms and invested
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The above figure shows the total revenue curve for Dizzy Discs. The demand curve for CDs sold by Dizzy Discs
A) has negative slope. B) has positive slope. C) is horizontal. D) is vertical.
Negative returns set in with the _____ worker.
The pattern of protection in industrial countries is particularly harmful to the interests of
A) low-income developing countries. B) high-income industrial countries. C) Asian nations. D) European nations.
An aggregate demand curve
A. shifts to the right when a non-price level change increases total planned real expenditures. B. shifts to the right when a non-price level change decreases total planned real expenditures. C. does not shift to the right or to the left. D. shifts to the right when the price level falls.