If the money wealth, interest rate, and international effects reduce the quantity of aggregate demand by 3 percent when the price rises by 6 percent and the multiplier is 2, then the slope of the aggregate demand curve is:
A. ?3.
B. ?2.
C. ?1.
D. ?1/2.
Answer: C
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Industrialization through heavy capital investments required savings by households, businesses and/or government bodies
Indicate whether the statement is true or false
A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called:
A) the Stackelberg Model. B) the kinked demand curve model. C) the dominant firm model. D) the Cournot model. E) the Bertrand model.
A monopsony is a:
a. large number of buyers. b. large seller. c. single seller. d. single buyer.
Development assistance is designed to encourage a developing country to
a. increase consumer goods today. b. restrict the inflow of foreign direct investment. c. invest in its capital stock. d. reduce labor productivity.