If planned investment is independent of aggregate output, the planned investment schedule
A. has a positive slope.
B. has a negative slope.
C. is horizontal.
D. is vertical.
Answer: C
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Currently the NAFTA nations do not meet the conditions for an optimal currency area. What are the two main reasons why?
What will be an ideal response?
Firms have less pricing power if their firm-level product is more unique.
a. true b. false
In real terms, the cost of government spending is measured by
A. Subtracting private sector output from the public sector output sacrificed when the government employs scarce resources. B. The public sector output sacrificed when the government employs scarce resources. C. The private sector output sacrificed when the government employs scarce resources. D. Combining the private sector output with the public sector output sacrificed when the government employs scarce resources.
Money serves as a unit of account when:
A. it is a basic measure of economic value. B. there is a double coincidence of wealth. C. it is used to purchase goods and services. D. it is a means of holding wealth.