Double counting includes counting value of what types of goods?
a. Intermediate and Final
b. Intermediate and investment goods
c. Intermediate and capital goods
d. Double counting does not include the counting of any goods only services.
a
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If C = $7,000 . + 0.75(Y) and intended investment is $2,000 . then the equilibrium level of national income will be
a. $1,500 b. $5,142 c. $36,000 d. $9,500 e. $9,000
The equilibrium exchange rate between two currencies is determined by the supply and demand in the
A. traded goods markets B. stock exchange markets C. money markets D. foreign exchange markets
Unions can only achieve wage gains by sacrificing employment.
Answer the following statement true (T) or false (F)
The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.