The market demand curve
A) cannot show a change in demand for a good.
B) is the horizontal sum of individual demand curves.
C) is upward sloping.
D) cannot show how quantity demanded changes in response to a change in price.
E) is the vertical sum of individual demand curves.
B
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Lindahl pricing is not necessary for economic efficiency
a. True b. False
The largest category of federal government spending is growing because
a. the U.S. must spend more on national defense due to the war against terror. b. the elderly population is increasing due to rising life expectancies. c. expenditures on space exploration have increased dramatically. d. expenditures on school voucher programs have increased dramatically.
Legal entitlement to scientific discoveries, inventions, innovations and intellectual property
What will be an ideal response?
Which of the following options would the Fed pursue if it wanted to increase the supply of money in the economy?
a. lowering reserve requirements b. raising the discount rate c. selling bonds d. increasing the interest rate paid on reserves