The level of income sufficient to provide a family with a minimally adequate standard of living is the

A pure private good is one

a. that is nonrival and nonexcludable b. that is rival but excludable c. that is rival and excludable d. that is nonrival but excludable e. one whose production imposes a cost on third parties

A shift from AD2 shifts to AD1 would be consistent with what economic event in U.S. history?

Refer to the figure above.
A. World War II in the 1940s
B. Cost-push inflation in the mid-1970s
C. Demand-pull inflation in the late 1960s
D. Great Recession of 2007-2009