Total planned real expenditures measured along the aggregate demand curve are made up of
A. consumption spending, factor payments, investment spending, and net export spending.
B. consumption spending, income, government spending, and net export spending.
C. consumption spending, saving, investment spending, and government spending.
D. consumption spending, investment spending, government spending, and net export spending.
Answer: D
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Everything else held constant, if a factor increases the demand for ________ goods relative to ________ goods, the domestic currency will appreciate
A) foreign; domestic B) foreign; foreign C) domestic; domestic D) domestic; foreign
It is assumed in economics that people make decisions based upon
A. altruism. B. tradition. C. perfect information about every aspect of the world. D. rational self-interest.
In the above table, the cross price elasticity of demand for good A with good B when PB falls from $20 to $18 is
A. 0. B. -1. C. +1. D. -2.
Laboratory experiments of the ultimatum games revealed that
A) participants' actions were always part of a Nash equilibrium. B) participants always split the money equally. C) the first mover always kept the smaller share. D) the first mover always kept the largest share.