"Demand" is a statement of actual purchases.
Answer the following statement true (T) or false (F)
False
Demand is an expression of consumer buying intentions, as well as of a willingness to buy, and is therefore, not a statement of actual purchases.
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Consider a small open economy with desired national saving of Sd = 200 + 10,000rw and desired investment of Id = 1000 - 5000rw. If rw = 0.05, then a rise in government spending of 50 with no change in private saving causes net exports to become
A) 100. B) 50. C) -50. D) -100.
The total public debt as a percentage of GDP for the United States in 2011 was in the vicinity of
a. 25 percent. b. 70 percent. c. 90 percent. d. 120 percent.
An economic forecast will always yield an accurate forecast
Indicate whether the statement is true or false
An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price
A. To rise and equilibrium quantity to fall. B. And equilibrium quantity to fall. C. To fall and equilibrium quantity to rise. D. And equilibrium quantity to rise.