Which theory of the business cycle emphasizes initiating changes in aggregate supply?
A) the Friedman "fooling" theory
B) the real business cycle theory
C) the Keynesian theory
D) the new classical theory
B
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Of the curves displayed in graph shown, what does curve C most likely represent?
A. Marginal cost
B. Average total cost
C. Average variable cost
D. Marginal revenue
The federal budget has been in deficit in all but 9 years since 1960
a. True b. False Indicate whether the statement is true or false
Advertising is used by firms to increase their price elasticities of demand
Indicate whether the statement is true or false
If a country begins to import more of a commodity, one can normally expect the price of the commodity to
a. remain unchanged in that nation. b. rise and then fall below where it was originally. c. rise in that nation. d. drop in that nation.