Economic growth takes place
A. when aggregate demand decreases.
B. only if the price level is constant or rising.
C. when aggregate supply increases.
D. only when both aggregate demand and aggregate supply increase.
Answer: C
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In the figure above, curve A is the ________ curve
A) average fixed cost B) average variable cost C) average total cost D) marginal cost
Which of the following describes the Soviet Union's economy through most of the second half of the 20th century?
A) The Soviet economy grew slowly because of the slow rate of technological change. B) The Soviet economy grew because it added labor through immigration policy in the 1950s. C) The Soviet economy increased capital per worker very slowly from 1950 through 1980. D) The Soviet economy grew rapidly in the latter half of the 20th century.
In a general equilibrium model
A) all markets but one clear. B) there are no fluctuations. C) all prices are exogenous. D) all prices are endogenous.
States are required by federal laws to offer child-support enforcement to all parents who request it
Indicate whether the statement is true or false