By focusing the customers on the price of a product, you make
a. The demand for the product more inelastic
b. The customers less price sensitive to the product
c. Both A & B
d. None of the above
d
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The Q-theory of investment is based on high investments being funded by high stock prices of a company
Indicate whether the statement is true or false
Which of the following is likely to be excluded from the gross domestic product (GDP) of a country?
a. The value of the drugs being sold in a vacant lot b. The value of the drugs being sold in a pharmacy c. A doctor treating a patient in a hospital d. The value of a new house bought by an individual e. The value of new furnitures bought by an individual
What happens typically to a budget deficit during a recession?
a. It increases because of tax changes. b. It decreases because of spending decreases. c. It decreases automatically. d. It increases automatically.
As the U.S. labor force grows and the nation’s capital stock is augmented by investment, the
A. price level will rise. B. aggregate supply curve shifts inward. C. aggregate supply curve shifts outward. D. aggregate supply curve becomes steeper.