A major macroeconomic leakage from the circular flow is:
a. Consumption
b. Savings
c. Saving
d. Gross private domestic investment
e. All of the above.
.C
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The higher the price of the good measured on the vertical axis, other thing remaining the same, the flatter the budget line
Indicate whether the statement is true or false
Monetary policy could be procyclical if the Federal Reserve
A) is late recognizing that a recession has begun and does not conduct expansionary monetary policy. B) is late recognizing that a recession has begun and conducts expansionary monetary policy. C) is quick to recognize that a recession has begun and conducts expansionary monetary policy. D) is quick to recognize that a recession has begun and does not conduct expansionary monetary policy.
One of the merits of plurality voting is:
A. its simplicity. B. it has all four criteria for an ideal voting system. C. it guarantees the best option will win. D. it produces a result that most participants are happy with.
Which of the following is a characteristic of a monopolistically competitive market?I. There are many sellers.II.Firms sell slightly differentiated products.III.Each firm faces a downward-sloping demand curve.
A. I only B. I and II only C. II and III only D. I, II, and III