Combining various goods and services into a convenient grouping is called
A. conglomeration.
B. blending.
C. congregation.
D. agglomeration.
E. aggregation.
Answer: E
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If autonomous consumption is $5,000 . the MPC is 0.7, net taxes are $2,000 . investment spending is $4,000 . and government purchases equal $2,500, and NX = $0, what is equilibrium GDP?
a. $14,428.6 b. $33,666.7 c. $40,800 d. $43,000 e. $45,000
The only way to rationalize an upward slope for the short-run aggregate-supply curve is to argue that wages are sticky in the short run
a. True b. False Indicate whether the statement is true or false
It takes more money to purchase the same amount of goods when prices _____. Therefore, the value of your money has ____
Fill in the blank(s) with correct word
Under a system of marketable pollution permits, a firm with relatively low abatement costs will buy permits from a firm with relatively high abatement costs.
Answer the following statement true (T) or false (F)