How much is saving?
C = $6.4 trillion
Disposable income = $8 trillion
Autonomous consumption = $4 trillion
$1.6 trillion
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If a monopoly firm sells more than one unit, marginal revenue will then be:
A. equal to the price. B. less than the price. C. greater than the price. D. equal to market demand.
The person on the other side of a transaction is referred to as the:
A) derivator B) counterparty C) hedger D) speculator
Economic theory has traditionally focused on optimality in decision-making
a. True b. False Indicate whether the statement is true or false
Suppose that aggregate demand increases along the upward sloping portion of the aggregate supply curve. What is the result?
A. Nominal GDP and real GDP decrease by the same amount. B. Nominal GDP increases more than real GDP increases. C. Real GDP increases more than nominal GDP increases. D. Nominal GDP and real GDP increase by the same amount.