The figure above illustrates aggregate demand and aggregate supply in Sparta. Sparta's price level will rise above 100 if ________
A) government expenditure decreases
B) the quantity of money increases
C) the quantity of capital increases
D) taxes increase
B
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Equilibrium prices coordinate the actions of producers and consumers. ?
Answer the following statement true (T) or false (F)
List the five approaches used to solve the problem of externalities
What will be an ideal response?
The reason that most of the coffee that is consumed in the United States comes from Colombia is that
A) Colombia has an absolute advantage in producing coffee relative to the United States. B) Colombia has a comparative advantage in producing coffee relative to the United States. C) coffee cannot be grown in the United States. D) government trade disincentives regarding Colombian coffee make such trade possible.
Value pricing reflects
A) product differentiation. B) competitive pricing strategies. C) marginal cost pricing. D) add-on price strategies.