Technology is a demand shifter.
a. true
b. false
Ans: b. false
Economics
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Demand-pull inflation results from continually increasing the quantity of money, which leads to continually
A) decreasing potential GDP. B) increasing potential GDP. C) increasing aggregate supply. D) decreasing aggregate demand. E) increasing aggregate demand.
Economics
One advantage about an emissions permit system is that
a. it creates a "license to pollute," sure to be popular with environmentalists. b. it reduces uncertainty about the quantity of pollution that will be emitted. c. it is a direct control system and avoids the inefficiencies of a market. d. permits can be handed out on the basis of need to protect firms from high costs.
Economics