According to the above figure, planned consumption and income are equal at an income level of
A) Y0. B) Y1. C) Y2. D) Y3.
A
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One of the drawbacks of horizontal fracking is that it drew workers from other industries to the fracking industry
a. True b. False Indicate whether the statement is true or false
Which of the following will most likely occur in the short run when the long-run equilibrium of an economy is disturbed by an unanticipated decrease in aggregate demand?
a. a decrease in output and a higher price level b. an increase in output and a higher price level c. a decrease in output and a lower price level d. an increase in output while prices remain unchanged
If a households income falls from 26, 000 to 24, 000 and its savings falls from 1, 000 to 500, then its
What will be an ideal response?
To maximize profit, an unregulated natural monopoly will produce at a level where:
A. marginal revenue is greater than marginal cost. B. marginal revenue is greater than average revenue. C. marginal revenue is less than marginal cost. D. marginal revenue is equal to marginal cost.