The Ii = S equation describes
a. an economy in macroequilibrium
b. what producers do; they invest their savings
c. an economy that isn't in equilibrium because the critical equation expressing equilibrium—Ii = Ia—is missing
d. the coincidence between aggregate investment and aggregate saving
e. the surplus associated with intended investment
A
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Refer to the table above. At what price does the market for notebooks clear?
A) $3 B) $4 C) $2 D) $5
The value of the WhatsApp Messenger to an individual user increased as more of his friends and acquaintances started using it. This is an example of a(n) ________
A) moral hazard B) adverse selection C) network externality D) negative externality
The consumption of a club good like cable television: a. is nonexcludable and nonrivalrous. b. is excludable and rivalrous
c. is excludable and nonrivalrous. d. is nonexcludable and rivalrous. e. gives rise to the free rider problem.
Demand-pull inflation occurs when the factor contributing most to rising prices is decreased demand for goods and services
Indicate whether the statement is true or false