If the economy is at the natural rate of unemployment...
What will be an ideal response?
real GDP = potential GDP
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Where does profit enter in the circular flow? Why?
What will be an ideal response?
Aggregate surplus:
A. equals consumers' total willingness to pay for a good less firms' total avoidable cost of production. B. equals consumers' total willingness to pay for a good plus firms' total avoidable cost of production. C. captures the total benefit created by the production and consumption of the good. D. captures the total cost created by the production and consumption of the good.
In 2015, which of the following were prominent exports of the U.S.?
A. financial services B. transportation equipment C. petroleum D. all of the answers are correct
You are putting together a portfolio of assets. The four most important characteristics of the assets you will choose are expected return, time to maturity,
A) risk, and liquidity. B) risk, and collateral C) risk, and reward. D) liquidity, and standard issue size.