Cost-push inflation:
What will be an ideal response?
moves the economy inward from its PPC
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Mercantilism
A) is the philosophy of free international trade. B) was a system of export promotion and barriers to imports practiced by governments, especially in the 17th and 18th centuries. C) was praised by Adam Smith in The Wealth of Nations. D) Both A and C.
The strength of the competition faced by a company can profoundly affect its
a. pricing. b. output decisions. c. input decisions. d. All of the above are correct.
Under the national Acid Rain Program (ARP)
a. two phases were defined that began in 1980 b. a cap-and-trade program was defined only for SO2 c. a cap-and-trade program was defined for both SO2 and NOX d. the EPA issued emission allowances that could be used or banked, but not traded
During an economic contraction, housing and stock prices generally
a. fall, leading to a reduction in aggregate demand. b. fall, leading to an increase in aggregate demand. c. rise, leading to a reduction in aggregate demand. d. rise, leading to an increase in aggregate demand.