“Market forces” consist of ______.
a. government agencies
b. thousands of consumers
c. thousands of producers and government agencies
d. millions of producers and consumers
d. millions of producers and consumers
You might also like to view...
In new Keynesian theory, the pattern of inflation exhibited by an economy with growing aggregate demand known as inflation dynamics is
A) initially sluggish upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future. B) initially sluggish downward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. C) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. D) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future.
All else equal, increases in oil prices tend to increase the quantity of proven oil reserves
Indicate whether the statement is true or false