Which one of the following is not a mixed economy?
A. United States
B. China
C. Japan
D. All of the countries listed are mixed economies.
D. All of the countries listed are mixed economies.
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Which of the following could generate economic profits for perfectly competitive firms in the short run, if they initially earn zero economic profits?
A) a fall in demand B) a unit tax on output C) an increase in total fixed costs D) a decrease in input prices
Which of the following lists includes only changes that shift aggregate demand to the right?
a. repeal of an investment tax credit, an increase in the money supply b. repeal of an investment tax credit, a decrease in the money supply c. passing of an investment tax credit, an increase in the money supply d. passing of an investment tax credit, a decrease in the money supply