Define social overhead capital
What will be an ideal response?
Social overhead capital includes basic infrastructure projects such as roads, power generation, and irrigation systems.
Economics
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Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess ________ of goods which will cause aggregate output to fall
A) right; supply B) right; demand C) left; supply D) left; demand
Economics
The supply of movie tickets at one theater's box office for this Saturday's 4:30 show of a new movie is
A) perfectly elastic until all seats are filled. B) unit elastic. C) perfectly inelastic. D) elastic.
Economics