Which of the following is a leakage?
A. Government spending.
B. Investment.
C. Aggregate demand.
D. Imports.
Answer: D
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Cross-price elasticity of demand is calculated as the
A) percentage change in quantity sold divided by percentage change in buyers' incomes. B) percentage change in quantity supplied divided by percentage change in price of a good. C) percentage change in quantity demanded of one good divided by percentage change in price of a different good. D) percentage change in quantity demanded divided by percentage change in price of a good.
If US consumers want to buy Chinese goods, they will
a. buy Yuans to sell US Dollars b. Sell Yuans to buy US Dollars c. Demand Yuan d. Both a and c
The determinants of investment include the
a. level of technology, the interest rate, expectations of future economic growth, and the level of income b. level of technology, the interest rate, expectations of future economic growth, and the capacity utilization rate c. level of technology, the interest rate, the capacity utilization rate, and the level of income d. level of technology, the capacity utilization rate, expectations of future economic growth, and the level of income e. capacity utilization rate, expectations of future economic growth, the interest rate, and the level of income
All of the following are detrimental macro consequences of inflation except
A. Speculation. B. COLAs. C. Bracket creep. D. Uncertainty.