Suppose a shift of aggregate demand pushes the economy "southwest" away from full employment in the aggregate demand and supply diagram. Monetarists would recommend returning to full employment by
A) raising the money supply.
B) lowering the money supply.
C) waiting for the price level to rise.
D) waiting for the price level to fall.
D
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In general, the more risk averse a defendant is, the ________ willing the defendant is to settle, and the ________ the amount the defendant will pay as a settlement.
A) more; larger B) less; smaller C) less; larger D) more; smaller
If a firm observes that the price of its product is above average variable cost, it would choose to continue to produce the good in the short run, even if that firm experiences economic losses
a. True b. False Indicate whether the statement is true or false
What word do economists use to refer to the purchase of goods that will be used in the future to produce more goods and services?
a. capital b. consumption c. investment d. costs
The primary gain from international trade is:
A. increased employment in the domestic export sector. B. more goods than would be attainable through domestic production alone. C. tariff revenue. D. increased employment in the domestic import sector.