Transitioning from a centrally planned economy to a market economy
A. cannot occur.
B. is a theoretical concern only.
C. requires simply adopting market economy rules and laws.
D. is possible but faces many challenges.
Answer: D
Economics
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Other things the same, an increase in the amount of capital firms wish to purchase would initially shift
a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left.
Economics
The American Recovery and Reinvestment Act of 2009 was implemented primarily to:
A. reduce inflationary pressure caused by oil price increases. B. curb the overspending by households that contributed to the Great Recession. C. bring the federal budget back into balance. D. stimulate aggregate demand and employment.
Economics