A chewing gum manufacturer adds a jalapeño-flavored bubble gum to its product mix. This is an example of horizontal differentiation.
Answer the following statement true (T) or false (F)
True
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In an economy without a government and without international transactions, aggregate expenditure at each level of income is equal to: a. consumption plus saving
b. planned investment plus saving. c. disposable income plus the price level. d. consumption plus planned investment. e. planned investment minus saving.
The U.S. money supply measure that consists of currency plus travelers checks and check able deposits is referred to as
a. M1. b. M2. c. M3. d. M1 + M2.
If the marginal propensity to consume in a country is 0.6, then a $5,000 increase in transfer payments will lead to a _____ in real GDP
a. $8,000 increase b. $2,500 decrease c. $5,000 decrease d. $7,500 increase
Equilibrium price is
A. $5.
B. $4.
C. $3.
D. $2.