If the stock market continues a steady climb upwards, this ____ consumer confidence and wealth, leading to ____ consumption, and ____ aggregate demand
a. increases, decreased, increased
b. decreases, decreased, decreased
c. increases, increased, increased
d. increases, increased, decreased
c
Economics
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An economist would say the price is too high for a certain service if
a. poor people couldn't afford to buy it. b. nobody could afford to buy it. c. the price was above marginal cost. d. it is an essential service and consumes a significant share of income.
Economics
According to the Mercantilists, governments should
A. not spend much on national defense. B. allow for free trade unencumbered by government regulations and restrictions. C. subsidize and encourage exports. D. subsidize and encourage imports.
Economics