An example of an abstraction used in macroeconomics is
a. the price level.
b. total costs.
c. the tax rate.
d. the treasury bill rate.
e. proprietor's income.
a
Economics
You might also like to view...
Use the following graph to answer the next question.
If current output is Q1 and full-employment output is Q3, then in the long run the short aggregate supply schedule is ________.
A. AS1 B. AD C. AS3 D. AS2
Economics
What is the relationship between the growth rate of real GDP and the growth rate of real GDP per person?
What will be an ideal response?
Economics
Social pressures and personal appeals increase the number of free riders
a. True b. False Indicate whether the statement is true or false
Economics
Brian’s Innovative Agriculture pays rent to the Tilfords to grow crops in their fields. This is an example of a ______ market.
a. factor b. labor c. product d. stock
Economics