Aggregate expenditure means total or combined spending
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to Figure 5-1. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does S1 represent?
A) the market supply curve reflecting marginal social cost B) the market supply curve reflecting implicit cost C) the market supply curve reflecting external cost D) the market supply curve reflecting marginal private cost
Given the information in Scenario 14.1, how much labor will be hired to maximize profit?
A) 1/16 B) 1/2 C) 1 D) 4
When a tax is imposed on the buyers of a good, the demand curve shifts
a. upward by the amount of the tax. b. downward by the amount of the tax. c. upward by less than the amount of the tax. d. downward by less than the amount of the tax.
Suppose the Martin Microchip Corporation earns a profit of $20 per share of stock. If the prevailing interest rate is 10 percent and the stock is currently selling for $100 per share, what is the current price/earnings ratio?
A. 20. B. 0.20. C. 10. D. 5.