In the mainstream view, the economic instability brought about by "oil shocks" works through changes in:
A. Aggregate demand
B. Wage and price inflexibility
C. Money supply
D. Aggregate supply
D. Aggregate supply
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Governments track the value of international transactions with ________.
A. the circular flow model B. aggregate demand C. the balance of trade D. the federal deficit
Does inoculation against chicken pox have both private and external benefits?
What will be an ideal response?
If the government set a price at $16, there would be price __________, that would cause a ___________ of ______ units.
A. floor; shortage; 10
B. floor; surplus; 10
C. ceiling; shortage; 10
D. ceiling; surplus; 10
In the economy of Talikastan in 2015, consumption was $1000, GDP was $1950, government purchases were $500, and investment was $700 . What were Talikastan's net exports in 2015?
a. -$250 b. $250 c. $2200 d. Net exports cannot be calculated from the information given.