Aggregate expenditure in the U.S. economy includes spending for U.S. output by
a. households and businesses, but not governments.
b. households, businesses, and the federal government, but not state and local governments.
c. households, businesses, and all governments except foreign ones.
d. households, businesses, and governments, both domestic and foreign.
d. households, businesses, and governments, both domestic and foreign.
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Credit cards are not part of the nation's money supply
Indicate whether the statement is true or false
At an interest rate of 5 percent, the present value of $1,000 to be received two years from today is
A) less than $875. B) between $875 and $925. C) between $925 and $975. D) more than $975.
A monopolistic competitor finds its profit-maximizing rate of output by
A) equating the marginal revenue from advertising with the marginal revenue from selling the good. B) setting average revenue equal to average total cost. C) equating marginal revenue and marginal cost. D) equating price and marginal revenue.
A supply curve that is upward sloping means that:
A) demand is being ignored. B) consumers will buy less at lower prices. C) suppliers will want to sell more at higher prices. D) suppliers will want to sell less at higher prices.