Which one of the following is NOT a component of aggregate demand?
A) investment expenditures B) government purchases
C) consumption spending D) merchandise inventories
D
Economics
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Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?
a. minimum-wage laws b. unions c. efficiency wages d. All of the above are correct.
Economics
At the beginning of 2000, the CPI was 159.3. At the beginning of 2001, it was 177.6. What was the approximate rate of inflation in 2000?
A. 18.3 percent. B. 11.5 percent. C. 10.0 percent. D. 7.6 percent.
Economics