One of the broad categories that could cause the aggregate demand curves to shift is changes to the _________ of consumers or firms.
a. health
b. behavior
c. savings
d. employment
b. behavior
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If income rises, most consumers will increase the quantity demanded of an inferior good.
Answer the following statement true (T) or false (F)
Which of the following is an example of an implicit cost that a firm might incur?
A) the revenue a firm generates in using its resources B) the rental value of the office space the company owns and uses for itself C) the out-of-pocket expense to hire resources D) taxes owed to the state and Federal governments
Which of the following is an investment institution?
A) The New York Stock Exchange B) Greater Illinois Savings and Loan C) Prudential Insurance Company D) Fidelity Magellan Mutual Fund
A common solution to monopoly in European countries is public ownership
a. True b. False Indicate whether the statement is true or false