Answer the question based on the following list of factors that are related to the aggregate demand curve.
Which of the above factors best explain the downward slope of aggregate demand curve?
A. 2, 4, and 6
B. 7, 9, and 10
C. 1, 3, and 8
D. 4, 6, and 7
C. 1, 3, and 8
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Something that would not be considered a tool in pursuit of industrial policy would be:
A. incentives for foreign portfolio investment. B. investment in research. C. incentives for foreign direct investment. D. All of these are examples of industrial policies.
A student has not yet graduated from school but is looking for a job. Is the student considered to be in the labor force? Why or why not?
When goods are subject to market failure, all of the following are possible solutions to the market failure except:
A. privatize the good. B. have government either regulate the market or provide the good. C. set a very specific consumer quota on consumption. D. change social norms.
With respect to the aggregate demand curve, a tax cut will:
A. Move the economy down along the curve. B. Move the economy up along the curve. C. Shift the curve leftward. D. Shift the curve rightward.