According to the circular flow, the dollar value of a nation's output is equal to

A. total income.
B. wages.
C. the sum of the values of all inputs.
D. profits.


Answer: A

Economics

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Suppose a drought resulted in a major reduction in the California lettuce crop. In the market for lettuce

A) the supply curve shifted to the left resulting in a decrease in the equilibrium price. B) the demand curve shifted to the right resulting in an increase in the equilibrium price. C) the demand curve shifted to the left resulting in a decrease in the equilibrium price. D) the supply curve shifted to the left resulting in an increase in the equilibrium price.

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The belief that the regulators of the U.S. financial system would not tolerate any losses by depositors at large depository institutions is called

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Gross public debt minus all government interagency borrowing is

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