The IS curve shows combinations of output and interest rates consistent with equilibrium in the goods market.
Answer the following statement true (T) or false (F)
True
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Given the budget line in the figure above, the combination of chips that is NOT affordable is
A) a. B) b. C) c. D) d.
A family purchases a package of sandwich buns at a supermarket. Are those buns considered a "final" good?
A) No, because they are an intermediate ingredient in the actual final good: sandwiches. B) Yes, if the family eats them and does not sell the sandwiches made from them. C) No, because the supermarket bought the finished buns, so they are "used" goods by the time the family buys them. D) Yes, for so long as it is sold on the market it is a final good.
The federal government of the United States was established as a federation of the governments of the original thirteen states
a. True b. False
If box C represents households, then box D represents _____
a. firms. b. resource markets. c. households. d. product markets. e. expenditures. check image at top