[Yd - C] equals
A. the MPS.
B. saving.
C. spending.
D. the MPC.
Answer: B
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The Erie Canal, the most important canal (in terms of the number and dollar value of shipments), was in
a. Georgia. b. New York. c. Pennsylvania. d. Maryland.
During the 1992 presidential campaign, H. Ross Perot made much of the various "special interests" which lobby in Washington, D.C. How might an economist view this? Which specific market breakdown may occur if there is lobbying? Relate your answer to the study of monopoly and oligopoly
In countries like _____________ the command economy predominates.
A. China and Vietnam B. Cuba and North Korea C. South Africa and Kenya D. Germany and France
In the short run, the dominant effect of deficit reduction causes an
A. outward shift of the aggregate supply curve. B. inward shift of the aggregate supply curve. C. outward shift of the aggregate demand curve. D. inward shift of the aggregate demand curve.