Which of the following combinations would be on an aggregate demand curve with a spending growth rate of 6%?
What will be an ideal response?
inflation rate of 8%, real growth rate of -2%
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Suppose the development of the European Union leads to greater investment in Europe. You'd expect
A) a recession in Europe. B) a decline in the world real interest rate. C) a rise in the current account in Europe. D) an increase in the world real interest rate.
A firm will shut down in the short run if revenue is not sufficient to cover all of its fixed costs of production
a. True b. False Indicate whether the statement is true or false
In a socialistic system, most economic decisions are made by:
A. firms. B. consumers. C. stockholders. D. government planners.
A key distinction between market-based economic systems and other types is
A) the use of democratic political systems to determine the goods produced, methods of production, and allocations of goods B) the use of corporations as a key mechanism for production of goods C). the use of public rather than private decisions to determine the goods produced, methods of production, and allocations of goods D) the reliance on voluntary decisions and exchanges versus forced exchanges