A currency appreciation
a. reduces aggregate demand and increases aggregate supply.
b. reduces aggregate demand and aggregate supply.
c. increases aggregate demand and reduces aggregate supply.
d. increases aggregate demand and aggregate supply.
a
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Which of the following collective consumption goods does not become a private consumption good at some level of use?
a. highway b. swimming pool c. national defense d. television
The physical or perceived differences between goods in a market that makes them close, but not perfect, substitutes are called
a. complementary goods b. substitute goods c. natural differentiation d. oligopolistic differentiation e. product differentiation
Measured as a share of GDP, the net federal debt
a. increased during the 1990s, but fell sharply during 2001-2011. b. fell during most of the 1990s, but rose sharply during 2001-2011. c. was virtually unchanged during the 1990s, but fell sharply during 2001-2011. d. fell during the 1990s, but was virtually unchanged during 2001-2011.
A right-to-work law is
A. a state law making the union shop illegal. B. a state law making the open shop illegal. C. a federal law making the union shop illegal. D. a federal law making the closed shop illegal.