Refer to Figure 2-15. In the circular flow diagram, market K represents
A) product markets. B) households. C) firms. D) factor markets.
D
Economics
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The short-run aggregate supply curve shows that inflation will change as a result of changes in ________
A) output B) potential output C) expected inflation D) price shocks E) all of the above
Economics
An increase in the effective tax rate on capital causes the real interest rate to ________ and the price level to ________ in general equilibrium.
A. rise; rise B. fall; rise C. fall; fall D. rise; fall
Economics