When the economy is producing at a quantity greater than its long-run aggregate supply:
A. it is pushing some of its resources to operate beyond capacity.
B. the economy is experiencing greater economic growth.
C. it causes a bubble to form in one of its major sectors.
D. we are experiencing a recession.
A. it is pushing some of its resources to operate beyond capacity.
Economics
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Holding other things constant, if the US dollar depreciates, it makes the US exports
a. Less attractive to foreigners b. More attractive to foreigners c. Neither more nor less attractive to foreigners d. None of the above
Economics
The law of demand tells us that people will buy less of a good if
A) the price of that good increases. B) the prices of other goods increase. C) people's income decreases. D) every factor that can affect people's buying decisions changes.
Economics