Which of the following results in the aggregate demand curve shifting rightward year after year?
What will be an ideal response?
growth in the quantity of money
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What is the difference between money, income, and wealth?
What will be an ideal response?
If View Your World, a high-end window manufacturer, has contracted with a supplier to produce their glass, this is an example of ________.
A) outsourcing B) forward integration C) backward integration D) a market transaction
GDP per capita is:
A. highly correlated with quality of life. B. perfectly correlated with quality of life. C. loosely correlated with quality of life. D. negatively correlated with quality of life.
Picture in your mind's eye the graph of a profit-maximizing monopolist. If its cost curves—both ATC and MC—shift upward while its demand curve remains unchanged, the monopolist will
a. decrease price and increase output b. decrease both price and output c. increase price and decrease output d. increase both price and output e. keep both price and output at the same level