Points to the left of the LM schedule show that
a. the amount of money supplied exceeds the amount of money demanded.
b. saving plus taxes will exceed investment plus government purchases.
c. the amount of money demanded exceeds the amount of money supplied.
d. investment plus government purchases will exceed saving plus taxes.
A
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The coordination task of any economy that answers the question of how output shall be divided among consumers may best be described as
A. output selection. B. production planning. C. distribution. D. input-output analysis.
A certificate of indebtedness that specifies the obligations of the borrower to the holder is called a
a. bond. b. stock. c. mutual fund. d. All of the above are correct.
Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?
a. efficiency wages b. job search c. minimum-wage laws d. unions
According to your textbook, which of the following spending categories ranks the contribution to GDP in correct order (from largest to smallest for the United States)?
A.) Consumer goods, total government purchases, investment goods, exports. B.) Consumer goods, investment goods, total government purchases, exports. C.) Investment goods, consumer goods, total government purchases, exports. D.) Total government purchases, consumer goods, investment goods, exports.