Refer to the scenario above. What will be the capital stock in the economy in the current year, if the capital stock in the last year was $1,000?
A) $1,400 B) $1,200 C) $1,600 D) $1,800
A
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On the 45-degree line diagram, for points that lie below the 45-degree line
A) planned aggregate expenditure is less than GDP. B) planned aggregate expenditure is greater than GDP. C) planned aggregate expenditure is equal to GDP. D) planned aggregate expenditure is less than aggregate income.
A country has national saving of $90 billion, government expenditures of $30 billion, domestic investment of $50 billion, and net capital outflow of $40 billion. What is its demand for loanable funds?
a. $40 billion b. $60 billion c. $90 billion d. $130 billion
During 2007-2008, the price of gasoline increased from approximately $1.50 to $4.00 per gallon. As a result, the
What will be an ideal response?
Which of the following is the result of providers having more information about treatment alternatives than their patients do?
a. Adverse selection b. Externalities c. Principal-agent problem d. The substitution effect e. Rational ignorance