Near the end of the eighteenth century, the dollar:
a. was a nickname for the Spanish Peso.
b. was more plentiful than any other coin.
c. was customarily used to reckon accounts.
d. All of the above are correct.
d. All of the above are correct.
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When considering imports and exports, economists include the ________ as a component of the GDP
A) net exports B) total imports C) gross exports D) total exports
Price discrimination always benefits
a. the owners of the price-discriminating firm b. the government c. society as a whole d. consumers e. competitors
Explain why the rise in the price of a fixed basket of goods tends to overstate the rise in a consumer's true cost of living
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.