represents the spending of consumers, government, businesses, and foreign trade partners
What will be an ideal response?
aggregate demand
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In order to support an undervalued euro, the European Central Bank must ________ dollars. Over time, this action will cause the rate of inflation in the EU to ________
A) buy; increase B) sell; increase C) buy; decrease D) sell; decrease
Measures of student performance have not increased even though per-pupil government subsidies have increased because
A) there is a need for more funds to be spent. B) we have declining enrollment in public schools. C) parents and children value the last unit of educational services received more than the cost. D) parents and children value the last unit of educational services received less than the cost.
What is an arrangement between countries to allow free trade between members called?
a. economic union b. common market c. trade forum d. free trade agreement
A nonprice determinant of demand refers to something that:
A. affects demand other than the price. B. determines how large a role prices play in the demand decision. C. determines how prices are affected by income. D. affects the price other than demand.