Inflation can be caused:
a. only by increases in aggregate demand
b. only by increases in aggregate supply.
c. only by decreases in aggregate supply.
d. by increases in aggregate supply or decreases in aggregate demand.
e. by increases in aggregate demand or decreases in aggregate supply.
e
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A point or combination that is on the production possibilities frontier is
A. unattainable and efficient. B. attainable, but not efficient. C. unattainable, but not efficient. D. attainable and efficient.
C) ran a deficit of approximately 10 percent of GDP.
A) redistribution of income from the rich to the poor and price controls to make sure that the prices of essential goods are low B) a balanced federal budget and imposition of trade restrictions that will protect American businesses and assure jobs for all C) regulation of markets and rapid expansion in the supply of money so people will be able to buy goods D) protection of people and their property from aggressors and the provision of a few goods that are difficult to supply through markets
Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
What will be an ideal response?
When two goods are complementary goods, as the price of one of the goods goes ______, the quantity demanded of the other goes ______.
A. down; down B. up; up C. up; down D. down; neither up nor down