In a market economy, economic activity is guided by
a. the government.
b. central planners.
c. large businesses.
d. prices and self-interest.
d
Economics
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A firm's accounting profit is measured as
A) operating expenses minus revenue. B) revenue minus operating expenses and taxes paid. C) revenue plus operating expenses minus taxes paid. D) net worth minus economic profit.
Economics
Monetarists argue that aggregate demand is
A) vertical. B) horizontal. C) relatively unaffected by autonomous spending shifts. D) relatively unaffected by changes in the money supply.
Economics