All the production points that lie ________ the total product curve are attainable and ________
A) above; efficient
B) above; inefficient
C) below; efficient
D) below; inefficient
D
Economics
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The "indirect effect" of an increase in the money supply is to
A) increase aggregate demand as people try to spend their excess money balances. B) increase aggregate demand as interest rates fall and investment spending increases. C) increase aggregate supply as firms anticipate future profits. D) decrease the price level.
Economics
Which of the following pairs of goods would be considered substitutes?
a. Milk and cookies. b. Tires and automobiles. c. Ink and pens. d. Coca-Cola and Pepsi. e. Computers and computer software.
Economics