If aggregate demand had grown faster than it did from 2009 to 2010, then the U.S. economy would have experienced
a. higher unemployment and higher inflation.
b. lower unemployment and lower inflation.
c. higher unemployment and lower inflation.
d. lower unemployment and higher inflation.
d
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According to the Application, what advantages occur as a result of granting ownership of a dwelling to its occupant?
A) increased incentives for property maintenance B) potential increase in the market value of the property C) increased investment in housing repairs D) all of the above
The price system allocates resources efficiently EXCEPT when
A) consumers decide they want more of a good. B) resources are utilized to produce the highest-valued goods and services. C) voluntary exchange exists. D) the production of a good affects parties other than its buyers and sellers.