When the economy is at equilibrium,
A. There are no leakages.
B. Inventories must equal zero.
C. Leakages equal aggregate demand.
D. Leakages equal injections.
Answer: D
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A) a trend. B) a graph. C) a relationshi
Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 60 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
More cattle are found to have mad cow disease. As a result, consumer confidence in the safety of beef is shaken. What would an economist predict will happen in the beef market?
A. The demand curve will shift to the left. B. absolutely no change in either the quantity demand or the demand for beef C. As consumer preferences move away from beef, there is an upward movement along the beef demand curve. D. The demand curve does not shift but consumers move to a point lower down the curve.
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A) hot beverages, coffee, Peet's Coffee B) Peet's Coffee, coffee, hot beverages C) coffee, Peet's Coffee, hot beverages D) coffee, hot beverages, Peet's Coffee