The aggregate expenditure curve tells how much market participants desire to spend at different income levels.
Answer the following statement true (T) or false (F)
True
The aggregate expenditure curve reflects total spending by consumers, businesses, governments, and foreigners.
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The proponents of ________ and ________ think that the Federal Reserve should adopt a constant monetary growth rule
A) new Keynesianism; the new classical model B) the real business cycle model; Marxism C) the monetarist model; the Keynesian model D) rational expectations; monetarism
Between 1984 and 1989, the S&P 500 index more than ________, and between 1994 and 2000 it ________
A) doubled; tripled B) tripled; doubled C) doubled; decreased D) tripled; decreased
Refer to the graph below representing the market demand curve for a monopolist’s output. Which of the following quantities shown on the graph should the monopolist produce if it wishes to maximize its total revenue?
a. 900
b. 1,000
c. 1,100
d. Any of the above because total revenue does not change with a change in production.
Growth accounting is seen a useful way to estimate this inputs contribution to growth:
A. technology. B. physical capital. C. labor. D. land.