In the simple economy where y = C + I, equilibrium output is determined at the level of income where saving equals investment

Indicate whether the statement is true or false


TRUE

Economics

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Which of the following is true of a first-price sealed-bid auction?

A) Bidders directly compete with each other. B) Bidders place their bids simultaneously. C) Bidders know each other's bids. D) Bidders always bid below their willingness to pay.

Economics

Suppose 100 citizens each derive marginal benefit from submarines according to the function MB = 10 - Q. If subs cost $100 each to produce, what is the efficient quantity of submarines?

What will be an ideal response?

Economics

How many workers would the firm hire if the wage rate were $459?

Economics

The negative relationship between unemployment and inflation is known as the

A. aggregate demand curve. B. efficiency wage line. C. Phillips curve. D. aggregate supply curve.

Economics