The largest part of gross domestic product in the United States is
a. investment.
b. consumption.
c. government expenditure.
d. trade balance.
b. consumption.
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The growing federal budget deficit in the 1980s was accompanied by a
A. growing trade surplus. B. growing trade deficit. C. shrinking trade deficit. D. shrinking capital account surplus.
Refer to the figure above. When the demand curve for gas is D2 and the supply curve of gas is S, the equilibrium quantity is:
A) 50 gallons. B) 70 gallons. C) 20 gallons. D) 40 gallons.
What determines the perfect competitor's supply curve? How is the industry supply curve found?
What will be an ideal response?
The liquidity-preference model was first introduced in:
A. 2008 by Ben Bernanke. B. 1936 by John Maynard Keynes. C. 1776 by Adam Smith. D. 1970 by John Kenneth Galbraith.