Law of Supply
What will be an ideal response?
As price increases then quantity increases
* Supply curve slopes up
* Shows minimum price to produce
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We ADD to the GDP when goods produced abroad are sold in the United States
Indicate whether the statement is true or false
Autonomous aggregate expenditures decreases by $200 million, the marginal propensity to consume is 0.50, marginal propensity to invest is 0.25, and the marginal propensity to import is 0.10. Calculate the change in income
What will be an ideal response?
Money is ________
A) an asset B) a unit of measure C) a tool D) all of the above E) none of the above
What most accurately describes the implementation of the New Deal?
a. It was implemented in two phases over the course of about eight years. b. Its major reforms were implemented in the first 100 days of Franklin Roosevelt's Presidency. c. The first elements of the New Deal that were implemented were the most politically liberal. d. Most of the reforms were temporary and were phased out by World War II.