Consumption expenditures do NOT include purchases of
A. durable goods.
B. services.
C. nondurable goods.
D. intermediate goods.
Answer: D
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The equilibrium interest rate is determined by the
a. quantity of capital on the market b. supply and demand for loanable funds c. marginal revenue product of capital d. marginal factor cost of capital e. willingness of suppliers of capital to convert that supply into loanable funds
Some critics have argued that moving children to private schools might reduce the _________ of education.
A. pure public goods aspect B. positive externalities C. size of library holdings D. size of teachers unions influence
An upward-sloping line or curve is used to illustrate:
A. a direct relationship. B. an inverse relationship. C. two unrelated variables. D. the ceteris paribus assumption.
Autonomous expenditure is expenditure that is
A) influenced by the interest rate. B) not influenced by the interest rate. C) not influenced by real GDP. D) not influenced by the price level. E) influenced by real GDP.