Which of the following correctly lists the products in order from most advertised to least advertised?
a. soft drinks, breakfast cereals, dog food
b. corn, dog food, communication satellites
c. dog food, communication satellites, corn
d. wheat, corn, crude oil
c
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The aggregate demand curve shows the relationship between planned purchases of
A) all final goods and services and the price level. B) all final goods and services and interest rates. C) all final goods and services and total planned production. D) all final goods and services and nominal GDP.
Capital is a stock variable
a. True b. False
The chief economist of the country of Elbonia has predicted that the new policies adopted by the government will lead to higher economic growth accompanied by lower rates of inflation. The currency of Elbonia is expected to: a. weaken
b. appreciate. c. depreciate. d. devaluate.
In 2008, during the Great Recession, the federal government provided tax rebate checks to taxpayers in the hope that
A. consumption would decrease. B. government purchases would decrease. C. consumption would increase. D. government purchases would increase.