The sum of all planned expenditures for the entire economy at each possible price level is
A) aggregate demand. B) effective demand.
C) aggregate supply. D) actual expenditures by consumers.
A
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Use the figure below to answer the following question.
In the past few years, the demand for donuts has increased. This would be illustrated by a change from
A. point 6 to point 3. B. point 5 to point 2. C. point 4 to point 6. D. point 1 to point 2.
What is the fastest growing component of consumption in the United States?
A) new home construction B) services C) nondurable goods D) durable goods
Discrimination that occurs because someone does not like a personal characteristic of another person is called ________, and discrimination that occurs because someone assigns the properties of a group to an individual who is a member of that group is called ________.
Fill in the blank(s) with correct word
What type of cost is not relevant to the process of research and development or invention in general?
A. Fixed cost B. Marginal cost C. Variable cost D. Social cost