An effective craft union acts as a monopoly
A. demander of labor.
B. seller of labor.
C. demander of capital.
D. seller of capital.
Answer: B
Economics
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The aggregate expenditure model predicts a business cycle expansion occurs when
A) the aggregate planned expenditure curve shifts downward. B) aggregate supply increases. C) induced expenditure decreases. D) autonomous expenditure increases. E) potential GDP increases.
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What does the word "marginal" mean in economics? What is a marginal benefit? What is a marginal cost? What is marginal analysis?
What will be an ideal response?
Economics