A flow variable is an amount measured at a particular point in time
Indicate whether the statement is true or false
false
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Explain which of the following count as money. a) a check in Ann's checkbook b) currency in Ann's bank c) currency in Ann's purse d) Ann's checking deposit
What will be an ideal response?
Explain why correlation does not always imply causation. Does causation always imply positive correlation? Explain your answer
What will be an ideal response?
A firm that is a price taker can:
a. substantially change the market price of its product by changing its level of production. b. sell all of its output at the market price. c. sell some of its output at a price higher than the market price. d. decide what price to charge for its product.
(Consider This) Capital is a:
A. flow, whereas gross investment and depreciation are stocks. B. flow, as are gross investment and depreciation. C. stock, as are gross investment and depreciation. D. stock, whereas gross investment and depreciation are flows.