If AD increases at a faster rate than AS, the result will be
a. demand-side inflation.
b. supply-side inflation.
c. falling prices.
d. stable prices.
a
Economics
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Approximately what percentage of the world's economies experience scarcity?
a. 10% b. 40% c. 85% d. 100%
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If average labor productivity decreases while population and the number of employed workers remain constant, then total output:
A. increases. B. decreases. C. may increase or decrease. D. remains constant.
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Productivity is output per unit of ___________.
Fill in the blank(s) with the appropriate word(s).
Economics
One purpose of patents is to ______ invention.
a. encourage b. discourage c. replace d. advertise
Economics