In a market system, the ultimate decision about what to produce is left to
A) buyers.
B) the government.
C) sellers.
D) households.
C
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All of the following are examples of anthropogenic pollutants EXCEPT
a. lead b. carbon monoxide c. pollen d. sulfur dioxide
Tax cuts on business income increase aggregate demand by increasing
A) wage rates. B) government spending. C) consumption spending. D) business investment spending.
Stagflation is a period of time when the economy is experiencing:
a. inflation and low unemployment. b. high unemployment and low levels of inflation at the same time. c. high inflation and high unemployment at the same time. d. low inflation and low unemployment at the same time.
If we consider the equation PAE = A + bY the part of the equation that relates to autonomous sources of spending is:
A. b B. Y C. A D. PAE