The theory of creative destruction was advanced many years ago by:

A. Bill Gates.
B. Alfred Marshall.
C. Joseph Schumpeter.
D. Adam Smith.

Answer: C

Economics

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If, due to a recession, foreign workers begin to leave the United States to search for temporary work in their home countries until the recession has ended, this will

A) move the home country's economy up along a stationary short-run aggregate supply curve. B) shift the short-run aggregate supply curve of the home country to the left. C) shift the short-run aggregate supply curve of the home country to the right. D) move the home country's economy down along a stationary short-run aggregate supply curve.

Economics

The majority of members of the Federal Open Market Committee are

A) Federal Reserve Bank presidents. B) members of the Federal Advisory Council. C) presidents of member banks. D) the seven members of the Board of Governors.

Economics