Aggregate demand (price) & GDP
What will be an ideal response?
aggregate demand & spending will stimulate economy
Economics
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Suppose at the current level of labor used, MRP = $100 and MFC = $100. To maximize profits, the firm should
A) hire more labor. B) reduce the level of labor. C) maintain the current level of labor. D) shut down.
Economics
A person removes the anti-pollution devices on his automobile. An external cost associated with this is
A) the feeling of guilt the person feels for violating the law. B) the ticket he gets when a highway patrol officer pulls him over. C) the man's neighbor washes his car more often because of increasing smog. D) the man buys less gasoline, reducing the income of local gas stations.
Economics