On this graph, which line(s) represent aggregate expenditure?
a. the line marked Y = AE
b. the line marked AE = C + I + G + NX
c. both lines
d. neither line
b. the line marked AE = C + I + G + NX
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Which of the following are characteristics of a proprietorship? I. Single owner II. Limited liability
A) I only B) II only C) both I and II D) neither I nor II
The following data show the relationship between output, total costs, and total revenue for a pure monopoly.OutputTCTR50$750$1,000608001,100709501,250801,2001,450901,3001,500Within which of the following output ranges does the firm earn maximum economic profits?
A. 50 to 60 units B. 80 to 90 units C. 70 to 80 units D. 60 to 70 units
Refer to the table. If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are:
A. $0.35 million
B. $0.65 million
C. $1.35 million
D. $1.65 million
Today, the Dow Jones Industrial Average
A. consists of 30 stocks. B. is a set group of stocks that remains constant over time. C. contains stocks that are widely held by institutional investors and individuals. D. contains both stocks and bonds of large American companies. E. a and c