Increases in autonomous spending have an expansionary effect and make ________ levels of real income consistent with a given interest rate
A) lower
B) higher
C) constant
D) none of the above.
B
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A change in the price level produces a ________ the aggregate demand curve
i. shift in ii. change in the slope of iii. movement along A) i only B) ii only C) iii only D) i and ii E) i and iii
Using the above figure, the price facing the perfectly competitive firm in the long run will be
A) P1. B) P2. C) P3. D) P4.
if a business firm continues to sustain losses, what usually happens in a market economy?
What will be an ideal response?
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.