The economy experiences an increase in the price level and an increase in real domestic output. Which is a likely explanation?
A. Interest rates have increased
B. Business taxes have increased
C. Wage rates have fallen
D. Net exports have increased
D. Net exports have increased
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Comparing the United States to other economies, the United States is one of the ____ economies in the world.
A. most government-supervised B. most privatized C. most government-owned D. least privatized
Which of the following bond types is the MOST safe?
In the above figure, income is $8, the price of a soft drink is $1, and the initial price of a milkshake is $2. If the price of a milkshake decreases to $1, the income effect is the movement from point ________ to point ________
A) a; b B) b; d C) b; c D) a; c
Craft unions exert market control by
A) limiting the demand for labor. B) limiting the supply of labor. C) setting minimum wages. D) setting maximum wages.