Refer to the table above. If at a price of $3 per loaf, the market supply of bread is 45 loaves, Seller 3's supply is:
A) 15 units. B) 24 units. C) 18 units. D) 20 units.
C
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Briefly explain why changes in government spending or taxes do not have independent effects on aggregate demand. What does shift the aggregate demand curve in the classical model?
What will be an ideal response?
Which of the following grew rapidly after the passage of the Medicare and Medicaid programs in the mid-1960s?
a. the share of healthcare expenditures financed directly by the consumer b. the share of healthcare expenditures financed by third parties c. the prices of healthcare relative to the prices of other goods and services d. both b and c
If I am worried about the price of assets such as bonds falling, I may be more inclined to hold money instead. You hold cash for the:
A. precautionary motive. B. speculative motive. C. transactions motive. D. impulsive motive.
The public debt is the:
A. accumulation of federal budget surpluses and deficits over time. B. difference between federal assets and liabilities over time. C. accumulation of payments for goods and services purchased by the federal government over time. D. difference between current tax revenues and government expenditures.