Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
C
Economics
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A firm in short-run equilibrium always earns positive profits if
a. AC > P > AVC. b. AR > AC. c. MR = MC. d. AC > MC.
Economics
In the Keynesian cross diagram, the 45-degree line represents the short-run equilibrium condition that:
A. I ? I p. B. Y = PAE. C. Y* = Y. D. PAE = C + I p + G + NX.
Economics
Saving is a basic source of investment financing.
Answer the following statement true (T) or false (F)
Economics
The maximization of profit and the minimization of losses is the primary factor affecting the economic decision making of:
A. entrepreneurs. B. workers. C. consumers. D. public officials.
Economics