In the model for desired saving, autonomous is roughly synonymous with ________
A) policy-determined
B) endogenous
C) intended
D) inflation-adjusted
E) exogenous
E
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If the market in the figure above is a profit-maximizing single-price monopoly, the deadweight loss is the area ________
A) ABH B) BFGH C) ACG D) BCD E) ACE
In the circular flow, how are the "value of production," "income," and "expenditures" related?
A) They have no relationship to each other. B) Once tax payments are subtracted at each stage, they are equal. C) Expenditures on GDP equals the value of production which equals income. D) Once net exports of goods and services are subtracted from GDP, all three are equal. E) Value of production always equals income, but expenditures is smaller because households save some of their income and do not spend it.
Explain why in situations where the Coase Theorem applies, bargaining power does not influence whether the efficient outcome is reached, but affects the distribution of gains
What will be an ideal response?
When bond prices go down, interest rates go ___________.
Fill in the blank(s) with the appropriate word(s).