Which of the following is a financial intermediary?
a. a mutual fund
b. the stock market
c. a U.S. government bond
d. a wealthy individual who regularly buys and holds large quantities of government bonds
a
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As aggregate demand shifts right along the aggregate supply curve,
a. inflation and unemployment are higher. b. inflation is higher and unemployment is lower. c. unemployment is higher and inflation is lower. d. unemployment and inflation are lower.
Scarcity has no importance to understanding economics
a. True b. False Indicate whether the statement is true or false
_____ is an example of a black market activity
a. Purchasing weapons in an alley b. Purchasing cars from an authorized dealer c. Purchasing furniture from a shop d. Purchasing drugs from a pharmacy
How is the globalized AS/AD model different from the standard AS/AD model?
A. It has an added world demand curve. B. The AS curve is downward sloping. C. The AD curve is upward sloping. D. It has an added world supply curve.