Refer to the graph above for a private closed economy. At the equilibrium level of GDP, saving will be:
A. $50 billion
B. $100 billion
C. $150 billion
D. Cannot be determined from the information given
B. $100 billion
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Macroeconomic policies became more influenced by Keynes' theories starting with
A. the period of high inflation in the early 1980s. B. the period of high unemployment and high inflation in the 1970s. C. the Great Depression. D. the OPEC recession.
Suppose that the free market labor supply and labor demand equations are given by Qs = 5W and Qd = 30 ? 5W. If the minimum wage were set at $2.50 an hour, how many people would not be able to find work?
A. 0 B. 10 C. 20 D. 30
Consumer loyalty tends to be very low in markets such as cola drinks and tobacco products
a. True b. False Indicate whether the statement is true or false
Corporate bondholders
a. can vote on important issues at shareholder meetings b. are part owners of the business c. compose the board of directors d. receive dividends from the corporation e. are general creditors of the corporation