An industry consists of all firms that supply output to a particular market
a. True
b. False
A
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Which of the following illustrates double counting?
A) The total market value of the steel used to produce a car and the total market value of the car itself are summed. B) The total market value of tennis rackets and the total market value of tennis balls are summed. C) The total market value of picture frames and the total market value of camera film are summed. D) The total market value of eyeglasses and the total market value of carpet are summed. E) b and c
The table gives data for a private closed economy. If gross investment is $12 billion, the equilibrium level of GDP will be
A. $380. B. $370. C. $360. D. $350.
One hundred percent reserve banking refers to a situation in which banks' reserves equal 100 percent of their:
A. profits. B. loans. C. deposits. D. income.
What are natural experiments?
What will be an ideal response?