Which of the following economies has the lowest ratio of Social Security benefits to GDP in 2006?
a. United Kingdom
b. Netherlands
c. Canada
d. France
e. United States
C
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An item has utility for a consumer if it
A) generates enjoyment or satisfaction. B) is scarce. C) is something everyone else wants. D) has a high price.
A horizontal aggregate supply curve below the level of full employment is most consistent with which of the following views of the economy?
A. Monetarist. B. Consensus. C. Supply-side. D. Keynesian.
A firm's ________ is measured as a stock while ________ is measured as a flow.
A. investment in new capital; capital B. planned inventory; current inventory C. capital; investment in new capital D. current labor force; current inventory
An increase in the supply of money will shift the aggregate demand curve to the right.
a. true b. false