In economics, the word "aggregate" refers to
A) the government.
B) how individual households differ from each other.
C) the public sector itself.
D) an economy as a whole.
Answer: D
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In the above figure, what is the equilibrium level of real GDP with government and the foreign sector?
A) $4.0 trillion B) $2.5 trillion C) $3.0 trillion D) $2.0 trillion
Search costs are the costs of finding, organizing, and motivating fellow victims so that bargaining can take place
Indicate whether the statement is true or false
A firm's marginal cost can always be thought of as the change in total cost if
A) the firm produces one more unit of output. B) the firm buys one more unit of capital. C) the firm's average cost increases by $1. D) the firm moves to the next highest isoquant.
When a firm's earnings rise, its stock prices will tend to fall
a. True b. False Indicate whether the statement is true or false