According to the circular flow model, expenditures by one person translate:
A. directly into income for someone else.
B. indirectly into the value of that person's time.
C. directly into his or her income.
D. indirectly into the household's budget.
A. directly into income for someone else.
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Decreases in the demand curve for labor may arise from ____ in labor productivity or from ____ in the price of the good
a. increases; increases. b. increases; decreases. c. decreases; increases. d. decreases; decreases.
If money supply and money demand both increased:
a. nominal interest rates would increase and investment would increase b. nominal interest rates would increase and investment would decrease. c. nominal interest rates would decrease and investment would increase. d. the change in nominal interest rates and investment would be indeterminate.
Ceteris paribus, which of the following is true about the concept of crowding out?
A. It increases the private sector's ability to raise the level of output. B. It occurs when spending increases are matched with tax increases. C. It does not affect the private sector's ability to raise the level of output. D. It reduces the private sector's ability to raise the level of output.
What is the price of a TV in an open economy without a quota? 
A. $125 B. $100 C. $75 D. $150