Which one of the following factors will most likely cause an increase in aggregate demand?
A. An increase in net exports.
B. An increase in the real interest rate.
C. A decrease in net exports due to falling incomes abroad.
D. A technological development that decreases the cost of producing computer chips.
Answer: A
Economics
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The cross-price elasticity of demand for complements is
A. zero. B. negative. C. positive. D. cannot be specified without more information
Economics
If the demand for labor is inelastic, then the unemployment caused by raising the minimum wage is
A. more than if it were elastic. B. unrelated to labor demand elasticity. C. less than if it were elastic. D. the same as if it were elastic.
Economics