Aggregate demand includes
a. the quantity of goods and services the government, households, firms, and customers abroad want to buy.
b. neither the quantity of goods and services the government, households, nor firms want to buy nor the quantity of goods and services customers abroad want to buy.
c. the quantity of goods and service the government wants to buy, but not the quantity of goods and services households, firms, or customers abroad want to buy.
d. the quantity of goods and services households and firms want to buy, but not the quantity of goods and services the government wants to buy.
a
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In the money market, how is the adjustment to equilibrium brought about in the short run and in the long run?
What will be an ideal response?
Other things remaining the same, if a large part of the population decided against having soda for health reasons, there would be a(n):
a. increase in the quantity of soda supplied. b. increase in the quantity supplied of complements like fries and burgers. c. decrease in the price of soda. d. rightward shift of the demand curve for soda. e. decrease in the quantity demanded of substitutes like mineral water.
In a mixed strategy:
A. moves can be predicted. B. the order of who chooses first is mixed. C. players try to avoid demonstrating a pattern. D. the payoffs are mixed during each round.
Pure economic rent is
A. a payment to a resource owner just sufficient to keep its supply constant. B. a payment to a resource owner over and above what is necessary to keep the resource in its current use. C. the competitive rental rate on capital. D. the inverse of economic profit.