Goods and services are sold
A) only as intermediate goods. B) by households.
C) in the factor markets. D) in the product markets.
D
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Classical growth theory predicts that increases in
A) competition increase economic growth. B) real GDP per person are temporary and not sustainable. C) resources permanently increase real GDP per person. D) real GDP per person are permanent and sustainable. E) resources permanently increase labor productivity.
The aggregate demand curve is downward sloping because a higher price level induces producers to produce more
Indicate whether the statement is true or false
It is inappropriate and ultimately foolish to respond to the disruptions of international trade by trying to restrict trade through __________ decisions.
a. policy b. political c. consumer d. business
If the interest rate rises, then firms' investment spending:
A. falls. B. also rises. C. remains unchanged D. reacts unpredictably.