The demand curve displays the wishes of _____________.
Fill in the blank(s) with the appropriate word(s).
buyers
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What are the key factors that determine the profitability of a firm in a monopolistically competitive market?
What will be an ideal response?
The paradox of excessive consumption argues that when households spend all they earn,
a. actual output and potential output will be in equilibrium. b. the financial anxiety of families will be low. c. the economy will achieve rapid, sustainable growth. d. consumption can stagnate because families are in a poor position to deal with increases in debt and financial setbacks.
Which of the following makes long-term low-interest loans to LDCs?
A. Agency for International Development (AID) B. World Bank C. International Monetary Fund (IMF) D. New International Economic Order (NIEO)
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.