To the extent that the Ricardian equivalence theorem is true, which of the conditions below will hold?
A) Increases in the government budget deficit will not affect aggregate demand.
B) Investment spending will not be considered part of aggregate demand.
C) The long-run aggregate supply curve will not be vertical.
D) Exports will not be considered part of aggregate demand.
A
Economics
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Economic historians identify which invention as a major factor that started the Industrial Revolution in Britain?
A. Steam engine B. Automobile C. Telephone D. Electric motor
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Suppose the accompanying figure illustrates the demand curve facing a monopolist.
If the monopolist decreases its price from $12 to $10, its total revenue will ________.
A. increase by $1,000 B. decrease by $1,000 C. decrease by $600 D. increase by $600
Economics