The size of the circular flow
a. measures the level of household purchases from business.
b. measures the level of income and output.
c. increases if there are more planned leakages.
d. measures the level of prices.
b. measures the level of income and output.
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Please discuss the difference between the terms devaluation and depreciation
What will be an ideal response?
Because Treasury bills pay a higher return than money and have no risk
A) the transactions demand for money may be zero. B) the precautionary demand for money may be zero. C) the speculative demand for money may be zero. D) all three of the above motives for holding money will be zero.
If the demand curve increases while the supply curve remains unchanged, the equilibrium price would decrease
a. True b. False Indicate whether the statement is true or false
Publicly provided health insurance for the poor will
A. lower the price of health care to the non-poor and increase the total amount of health care consumed. B. increase the total amount of health care consumed. C. raise the level of health care consumed by the non-poor. D. lower the price of health care to the non-poor.