Which of the following statements is correct?
I. A drop in the foreign exchange value of the dollar would decrease aggregate demand
II. A decrease in the amount of money in circulation would increase aggregate demand
A) I only B) II only C) Both I and II D) Neither I nor II
D
Economics
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In a command economy, decisions about how to allocate resources are made: a. based upon tradition
b. by a central planning board. c. by individuals and firms interacting in markets coordinated by a price system. d. by a lottery system.
Economics
The controversy over affirmative action illustrates the
A. trade-off between equality and efficiency. B. incentive problems created by transfer payments. C. incentive problems created by personal income taxes. D. trade-off between progressive and regressive taxes.
Economics