The vertical axis for an aggregate demand curve measures
A. real Gross Domestic Product (GDP).
B. the interest rate.
C. a nation's production level.
D. the price level.
Answer: D
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Voters are often influenced by opinion polls. They end up voting for the party that is likely to win according to the opinion poll. This occurs due to ________
A) anchoring B) herding C) sniping D) signaling
Which of the following measures of globalization was not affected during the aftermath of the terrorist attacks in the United States on September 11, 2001?
a. World trade b. Global foreign direct investment c. International travel and tourism d. International telephone calls e. Political engagement
The Sherman Antitrust Act prohibits price fixing by competitors, monopolization of a market, and attempts to monopolize a market
a. True b. False
Suppose Szmul Hecht's farm A is 10 miles from the marketplace, while Frantisek Bass's farm is twice as far away. Ceteris paribus, We know then that the
a. present value of Hecht's farm is lower than the present value of Bass's farm b. differential rent Hecht receives is greater than the differential rent Bass receives c. differential rent Hecht receives is less than the differential rent Bass receives d. location rent Hecht receives is less than the location rent Bass receives e. present value of Hecht's farm is higher than the present value of Bass's farm