Other things equal, an increase in transfer payments will ________ consumption expenditures, which leads to ________ in output and employment
A) increase; an increase
B) increase; a decrease
C) decrease; an increase
D) decrease; a decrease
A
Economics
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Voluntary exchange requires that there must be mutual gain.
Answer the following statement true (T) or false (F)
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Refer to Figure 7-5. The efficient price of medical services is
A) $40. B) $55. C) $65. D) > $65.
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If the price is above the equilibrium price then there is a _______________.
Fill in the blank(s) with the appropriate word(s).
Economics
Investment and saving are, respectively:
A. income and wealth. B. stocks and flows. C. injections and leakages. D. leakages and injections.
Economics