The formal and informal rules governing the organization of a society on the whole, including its laws and regulations, are referred to as:
A) organizational structure. B) religious norms.
C) cultural scenario. D) institutions.
D
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Demand-pull inflation is illustrated in the short run aggregate supply-aggregate demand model as a shift of the aggregate ________.
A. demand to the left B. demand to the right C. supply to the left D. supply to the right
Which of the following is not important for the development of human capital?
A. High levels of military spending. B. Immunizations and basic health care. C. Access to water and sanitation. D. Educational opportunities.
The millions of taxpayers who must pay for a federal government bail-out of the financial giant AIG will not be well represented at the hearings on the issue, because
What will be an ideal response?
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.