The aggregate demand curve shows that, ceteris paribus, at ________ price levels total quantity demanded is ________.
A. lower; higher
B. positive; negative
C. lower; lower
D. higher; higher
Answer: A
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If gross investment for a year was $120 billion and net investment was $65 billion, then in that year the country's capital stock ________.
A. increased by $65 billion B. increased by $55 billion C. decreased by $55 billion D. may have either increased or decreased
The labor force is defined as
A) all individuals who are at least 16 years old and are currently employed. B) all individuals who are currently employed. C) all individuals who are at least 16 years old and are employed, looking for work or not looking for work. D) all individuals who are at least 16 years old and are currently employed or unemployed.
To make a threat more credible, managers can do all of the following except which one?
A) make competitors aware of the firm's plans B) keep competitors in the dark about the firm's plans C) take action to lower the firm's costs D) take action to increase the firm's capacity
When Cabbage Patch Dolls were introduced, they were extremely popular at Christmas, and most stores sold out. By the next year, there were plenty still available at Christmas. What happened?