The marginal propensity to consume plus the marginal propensity to invest equal one
Indicate whether the statement is true or false
FALSE
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If nominal GDP is $954 billion and velocity is 9, then the money supply: a. is $106 billion
b. is $122 billion. c. is $98 billion. d. is greater than $8 trillion.
In a closed economy, the supply of goods and services must be equal to:
A. consumption. B. consumption + investment. C. consumption + investment + government purchases. D. consumption + investment + government purchases ? taxes.
Refer to Figure 5-15. Identify the area that shows the deadweight loss from overfishing
A) efh B) ekh C) eghk D) egh
A technique for implementing industrial policies that probably worsened the effects of the 1997 crisis was
A) directed credit. B) protection from imports. C) export subsidies. D) research subsidies. E) quotas.