If the structural stagnation hypothesis is true, what happened to the economy in the early 2000s that made it prone to a financial crisis?
A. Too-expansionary supply-side policies
B. Increased trade restrictions
C. Too-expansionary demand-side policies
D. Slowing technological advance
Answer: C
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Use the following graph to answer the next question.
Which line in the graph would best illustrate the supply of money curve?
A. Line 4 B. Line 3 C. Line 2 D. Line 1
The change in the total output of a firm associated with using one more unit of an input is referred to as the:
A) marginal product of the input. B) total product. C) average product of the input. D) variable product of the input.
What is meant by the tragedy of the commons? Use an example to explain your answer
What will be an ideal response?
Which would most likely increase aggregate supply?
a. An increase in productivity b. An increase in the prices of imported products c. A decrease in net exports d. A decrease in business subsidies