In Figure 3-6 above, income and actual expenditures are equal at
A) point J.
B) point K.
C) point L.
D) all of the above.
D
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In the United States, a "buy American" act was passed in 1933 to create larger markets for domestic goods
a. True b. False Indicate whether the statement is true or false
Increases in spending on education will lead to an increase in student performance.
A. True B. False C. Uncertain
A patent
A. is often necessary to motivate inventions. B. is never sought for inventions anymore. C. is better for a writer of books than it is for an inventor of medicines. D. makes inventing the good less appealing.
Which of the following does NOT shift the aggregate demand curve?
A) a change in the money wage B) a change in expectations about the future C) a change in fiscal policy D) a change in monetary policy E) a change in foreign income