When aggregate expenditure=GDP,
What will be an ideal response?
macroeconomic equilibrium occurs
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Refer to the scenario above. After a year, the interest payments by the bank will be ________
A) $10 B) $300 C) $3,000 D) $3,300
If the acceptance of Project A makes it impossible to accept Project B, these projects are:
a. contingent projects b. complementary projects c. mutually inclusive projects d. mutually exclusive projects e. none of the above
Which of these inflation rates can be considered a sign of a healthy economy?
a. An inflation rate between 10?20 percent b. An inflation rate between 2?4 percent c. An inflation rate between 40–50 percent d. An inflation rate between 100–200 percent
Exhibit 3A-1 Comparison of Market Efficiency and Deadweight Loss
As shown in Exhibit 3A-1, if the quantity supplied is 2 million pounds of ground beef per year, the result is a deadweight loss represented by area:
A. ABEC. B. CEFD. C. EGH. D. BEF.