Which of the following is vertical?
a. both the long-run Phillips curve and the long-run aggregate supply curve
b. neither the long-run Phillips curve nor the long-run aggregate supply curve
c. the long-run Phillips curve, but not the long-run aggregate supply curve
d. the long-run Phillips curve, but not the long-run aggregate supply curve
a
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An increase in net exports will have a greater effect on equilibrium real GDP if the
A. marginal propensity to consume is smaller. B. average propensity to consume is larger. C. marginal propensity to save is larger. D. marginal propensity to save is smaller.
If your real income in base year prices is $50,000, then if the CPI is 170, what is your nominal income?
A) $85,000.00 B) $29,411.76 C) $70,000.00 D) $50,000.00 E) $71,428.57
Total spending on final goods and services in an economy must equal total:
A. production value. B. revenues from all transactions. C. profits. D. investment.
What is it called when the value of a business is determined based on market-derived multiples?
a. income-based approach b. market-based approach c. excess earnings method d. asset accumulation approach e. none of these