The demand curve for spinach shows the quantity demanded of spinach
a. only at the equilibrium price of spinach
b. at each possible price of spinach
c. as income increases
d. as income decreases
e. at each possible price of a substitute good
B
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Use the following table to answer the next question. All figures below are in billions of dollars.Domestic Output or Income (RGDP = DI)Consumption$240$244250250260256270262280268290274300280310286320292If gross investment is $12 billion, the equilibrium level of real GDP will be
A. $270 billion. B. $280 billion. C. $260 billion. D. $290 billion.
Assume a competitive market is in equilibrium. There is an increase in demand, but no change in supply. As a result the equilibrium price ________, and the equilibrium quantity ________
A) rises; increases B) rises; does not change C) falls; does not change D) falls; decreases E) falls; increases
If two events are perfectly negatively correlated, then
A) diversification can reduce but not eliminate risk. B) diversification can eliminate risk. C) diversification has no impact on risk. D) diversification cuts risk in half.
GDP consistently measures the output of goods and services in all countries
a. True b. False Indicate whether the statement is true or false