The path of ________ over a lifetime is likely to be much more stable than the path of ________.
A. saving; income
B. consumption; income
C. saving; consumption
D. income; consumption
Answer: B
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Which of the following is NOT a part of aggregate expenditure?
A) exports B) investment C) imports D) government expenditure E) taxes
Mary and Jane are partners in a business. Their business is growing but has not yet reached the point where they can afford a new delivery truck. Jane owns an old truck that she has not been using. She decides to donate it to their business for free
A) This transaction (donation) involves no economic cost. B) This transaction involves both economic cost and accounting cost. C) This transaction involves economic cost but no accounting cost. D) This transaction involves no economic cost and no accounting cost.
If the economy experiences inflation and economic growth, this means that aggregate demand grows by more than aggregate supply
a. True b. False Indicate whether the statement is true or false
A group of buyers and sellers of a particular good or service is known as
a. coalition. b. partnership. c. market. d. union