In the knowledge economy
A) the supply chain has been decomposed.
B) property rights have been altered.
C) increasing returns may occur more often.
D) all of these choices.
D
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The prospect of future deficits
A) would prompt government to vastly expand discretionary spending. B) limits the ability of government to conduct fiscal policy in the near future. C) requires a government to eliminate all entitlement spending. D) encourages government to conduct expansionary fiscal policy.
The aggregate demand curve shows:
a. how the equilibrium level of aggregate expenditure changes in response to changes in production. b. the amount people spend at different real GDP levels. c. the positive relationship between the price level and real GDP. d. the negative relationship between aggregate expenditure and real GDP. e. how the equilibrium level of aggregate expenditure changes as the price level changes.