The country of Sylvania has a GDP of $900, investment of $200, government purchases of $200, and net capital outflow of -$100 . What is consumption?
a. $700
b. $600
c. $500
d. $300
b
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When some forms of money start to pay interest, then along with a rise in real output it takes a ________ rise in the market interest rate than before to hold the demand for money equal to its supply, which is to say that the LM curve has become
________. A) larger, steeper B) larger, flatter C) smaller, steeper D) smaller, flatter
At the international level, the division of labor increases output through
a. tariffs. b. economies of scale. c. standardization. d. exchange rates.
Under the old Soviet version of communism in the U.S.S.R., the questions of 'What?', 'How?', and 'For whom?' were answered by
A. a democratically elected congress called the Duma. B. the law of supply and demand. C. the decisions of hundreds of millions of individual consumers. D. a government planning committee.
A deliberate design within the choice architecture that alters people's behavior in predictably positive ways is called an example of:
A. traditional behavior. B. purposeful behavior. C. a nudge. D. a push.