The circular flow diagram depicts the economy consisting of:
a. the government and households.
b. households and international companies.
c. households and firms.
d. firms and the government.
c. households and firms.
The circular flow diagram depicts the economy consisting of households and firms.
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The income of managers is often ____ diversified compared to the income of stockholders
A) more easily B) equally easily C) less easily D) smaller
Carefully define the following terms and explain their importance in the study of macroeconomics: a. Expenditure schedule b. Saving schedule c. Equilibrium GDP d. Leakages schedule e. Injections schedule
What will be an ideal response?
When the price level decreases, which of the following also decreases?
a. consumption b. government spending c. the interest rate d. RGDP demanded
Which of the following is true?
A. Perfect equilibrium and Nash equilibrium are the same concept but with different names. B. A Nash equilibrium is always perfect. C. A Nash equilibrium is always perfect in a multistage game. D. A perfect equilibrium is always Nash.