Leakages are offset by investment and government spending in the circular flow model
a. True
b. False
Indicate whether the statement is true or false
True
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European firms wishing to purchase American goods and services are ________ the foreign exchange market.
A. suppliers of U.S. dollars in B. demanders of U.S. dollars in C. demanders of Euros in D. supplied dollars by the European Central Bank for use in
Which of the following is not an example of informal institutions?
A) Culture B) Laws C) Ethics D) Norms.
The table gives data for a nation. What is the amount of the country's GDP?
A) $6,000 billion B) $6,200 billion C) $6,900 billion D) $5,800 billion E) $6,600 billion
The price where quantity demanded is equal to quantity supplied is known as
a. equilibrium price. b. equilibrium quantity. c. equilibrium rate. d. equilibrium level.