Using the information in situation 20-2, if government spending increases by $100, then the equilibrium aggregate output will change by
A) -$1,000.
B) -$100.
C) $100.
D) $1,000.
D
Economics
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If GDP included the value of leisure time, the value of U.S. GDP would most likely increase
Indicate whether the statement is true or false
Economics
An example of a credit item in the U.S. balance of payments would be
a. someone sending U.S. dollars to a relative overseas. b. a British tourist spending money at a U.S. nightclub. c. a U.S. tourist flying to Paris on the Concorde. d. General Motors building a factory in Eastern Europe.
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The characteristics of jobs and workers affect
a. labor supply. b. labor demand. c. equilibrium wages. d. All of the above are correct.
Economics
Refer to Figure 6.3. On this graph, area ABC is:
A. consumer surplus. B. producer surplus. C. total surplus. D. total producer net benefit.
Economics