If the level of aggregate expenditure was $16.8 trillion in 2013, the level of aggregate income in the economy during 2013 was _________.
A. also? $16.8 trillion because of the identity between aggregate expenditure and income.
B. less than? $16.8 trillion because taxes will reduce income below aggregate expenditure.
C. less than? $16.8 trillion because the United States imports more than it exports.
D. more than? $16.8 trillion because transfers? (entitlements) allow income to exceed aggregate expenditure.
A. also? $16.8 trillion because of the identity between aggregate expenditure and income.
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a. captures only environmental pollution b. explicitly illustrates both the flow of resources and the flow of residuals c. illustrates both the money and real flows d. all of the above e. (b) and (c) only
A firm's fundamental goal is
A) different for each firm. B) to make a quality product. C) to maximize profit. D) to gain market share. E) to decrease its employment of workers in order to cut its costs.
In the figure above, point B represents
A) a current account deficit. B) a current account surplus. C) a reduction in inventories. D) a temporary imbalance in the money markets.
When the Act of 1873 was passed, silver was worth _________ in the market than at the mint; however, subsequent __________ in the supply of silver led to public outcry over the "demonetization" of silver under the Act. a.less; decreases b.less; increases c.more; decreases d.more; increases
Fill in the blank(s) with correct word