In a closed economy with no government, aggregate expenditure is
A) consumption plus investment.
B) saving plus investment.
C) consumption plus the MPC.
D) MPC + MPS.
E) none of the above.
A) consumption plus investment.
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Keynesians:
A. generally favor laissez-faire policies. B. believe that frictional unemployment does not exist. C. believe that all unemployment is cyclical unemployment. D. generally favor activist government policies.
For what kinds of goods are buyers most likely to seek additional information about quality?
What will be an ideal response?
How many Federal Reserve district banks are there in the United States?
A. 48 B. 12 C. 5 D. none of these
No supply curve exists for a monopoly in the sense that a supply curve exists for a perfectly competitive firm.
Answer the following statement true (T) or false (F)