The sum of consumption and investment is:
a. total production.
b. aggregate supply
c. aggregate disposable demand.
d. aggregate expenditures.
d
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The debt burden in the United States was highest during
A) the 1980s. B) the 1960s. C) World War II. D) World War I.
Which of the following is not a barrier to entry that is created by government?
A) Economies of scale. B) Licenses. C) Regulatory restrictions. D) Patents.
Which of the following sequences would cause E1 to shift to E2?
a. P1 decreases to P2; D1 decreases to D2; Q1 decreases to Q2
b. P1 decreases to P2; Q1 decreases to Q2; D1 decreases to D2
c. D1 decreases to D2; P1 decreases to P2; Q1 decreases to Q2
d. Q1 decreases to Q2; D1 decreases to D2; P1 decreases to P2
Which of the following statements is true?
A. The use of 2SLS is applicable to simultaneous equations model with at most two equations. B. Identification of simultaneous equations with three or more equations is based on matrix algebra. C. 2SLS method used in the estimation of simultaneous equations is an example of a system estimation method. D. The maximum number of equations permissible for a simultaneous equations model is four.