According to this graph, which of the two components of aggregate expenditure are most alike in their proportion of the whole?
a. consumption and investment
b. investment and net exports
c. consumption and government purchases
d. government purchase and net exports
d. government purchase and net exports
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in quantity demanded are represented by a movement from
A) point a to point b. B) point a to point c. C) point c to point d. D) point d to point b.
A price-discriminating monopoly is a monopoly that
A) sells its output at a single price to all of its customers. B) sells different units of a good or service at different prices. C) has control over the resources used to produce the product. D) has a license to sell the product. E) illegally charges different customers different prices for the good it produces.
A mechanism for reallocating risk is:
A. risk pooling. B. dividend pooling. C. risk premiums. D. None of these statements is true.
Banks create money when they increase demand deposits through the process of creating loans
a. True b. False Indicate whether the statement is true or false