In order to predict changes in aggregate demand, it must be possible to forecast
A. changes in the demand for investment goods.
B. changes in the demand for consumer goods.
C. changes in the demand for money.
D. All of the choices are correct.
D. All of the choices are correct.
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In an open economy, an increase in (G ? T) will
a. decrease (X ? IM). b. increase (X ? IM). c. leave (X ? IM) unchanged. d. have an unpredictable effect on (X ? IM).
Union work rules may restrict productivity in all of the following ways except
A. Requiring a minimum number of workers for a certain task. B. Limiting the pace of production. C. Restricting the types of jobs a particular individual can do. D. Requiring a maximum number of workers for a certain task.
Which of the following is a common criticism of advertising?
a. It manipulates consumers’ tastes. b. It emphasizes product quality. c. It creates competition between firms. d. It focuses on what consumers want.
Which of the following statements about the Social Security tax is not true?
A. It is a regressive tax. B. It is imposed on employees only. C. It is a payroll tax. D. It came into existence in 1935.