The key idea of the aggregate expenditure model is that in any particular year, the level of GDP is determined mainly by
A) export spending. B) the level of aggregate expenditure.
C) government spending. D) investment spending.
B
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Suppose you can earn 5 percent on your savings account if you deposit $500 in it. The inflation rate is 3 percent. The opportunity cost of holding the $500 as money is
A) $100. B) $525. C) $80. D) $30. E) $25.
The burden of a per-unit tax will fall disproportionately on consumers when the supply curve is relatively more elastic than the demand curve.
Answer the following statement true (T) or false (F)
Temporary Assistance to Needy Families is a government program with the goal of:
A. social insurance. B. redistribution. C. economic growth. D. None of these is true.
Identify at least two non-economic reasons used by critics to support their concerns about illegal immigration
What will be an ideal response?