A higher price level causes us to
A) move up along an aggregate demand curve.
B) move down along an aggregate demand curve.
C) shift the aggregate demand curve to the right.
D) shift the aggregate demand curve to the left.
A
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Many economists argue that an incentive to save is
A) strengthening the property rights that savers have to the physical capital they purchase. B) greater government regulation of the banking and securities industries. C) a tax on consumption rather than on income. D) a tax on income rather than a tax on consumption. E) high income tax rates.
Natural resources are
a. not considered scarce because no one pays for them b. only desired for use in producing other goods c. included in the category of resources called gifts of nature d. available in unlimited quantities e. not considered scarce because they are not produced by society
The British economist A. C. Pigou
a. wrote The Economics of Welfare in 1911. b. offered an explanation of the market economy's poor environmental performance. c. outlined an approach to environmental policy still in favor with economists today. d. All of the above are correct.
The left side of an account is used to record which of the following?
a. Debit or credit depending on the type of account b. Increases c. Credits d. Debits