Using the expenditure method to estimate GDP, we would include:
A. consumption, investment, government purchases, and net exports.
B. consumption, government revenues, durable goods, and net exports.
C. consumption, investment, government purchases, and exports.
D. consumption, investment, government purchases, and imports.
A. consumption, investment, government purchases, and net exports.
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Without price competition, there is no incentive for product differentiation.
Answer the following statement true (T) or false (F)
The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price from $2.00 to $1.50, then total revenue would ________ because demand is ________
A) decrease; elastic B) increase; elastic C) decrease; inelastic D) increase; inelastic
The payment received by suppliers of entrepreneurial skills is called wages
Indicate whether the statement is true or false
A simple deposit multiplier equal to one implies a required reserve ratio equal to
A) 100 percent. B) 50 percent. C) 25 percent. D) 0 percent.