A decrease in demand is represented by
a. a shift outward of the entire demand curve.
b. a shift inward of the entire demand curve.
c. a movement along the demand curve in a southeasterly direction.
d. a movement along the demand curve in a northwesterly direction.
b
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Suppose the economy has no income taxes or imports. The MPC equals 0.8. What does the expenditure model predict will be the change in real GDP if investment increases by $200 billion?
What will be an ideal response?
An example of an in-kind transfer is
A) national defense. B) Social Security. C) low-cost public housing. D) unemployment benefits.
One of the two criteria for a resource to be considered as a natural resource is that it must:
A) have been produced. B) be found in nature. C) be part of a factory or building. D) not be used to produce goods and services.
Which of the following is not a major category of business structure?
A. Sole proprietorship B. Partnership C. Public agency D. Corporation