Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?
A) falling oil prices
B) an increase in net exports
C) the end of the housing bubble
D) a decline in government spending
Answer: C
Economics
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If the price increases by 20 percent and the quantity supplied increases by 40 percent, what does the elasticity of supply equal?
What will be an ideal response?
Economics
Resources that flow through the circular flow model include all of the following except:
a. land. b. labor. c. capital. d. final goods.
Economics