How much is the MPS?
800/1000 = .8
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The above table gives real GDP and the aggregate expenditure schedule. When real GDP is $15 billion, the amount of unplanned investment is
A) $29.25 billion. B) $14.25 billion. C) $15 billion. D) $0.75 billion. E) unknown.
When the actual real interest rate is less than the equilibrium real interest rate
A) the equilibrium real interest rate will rise. B) borrowers find it difficult to borrow. C) there is a shortage of loanable funds. D) Both answers B and C are correct.
Joe Santos owns the only pizza parlor in a small town that is also home to a McDonald's, a Taco Bell, and a Kentucky Fried Chicken. Using a broad definition of a monopoly, Joe has a monopoly
Indicate whether the statement is true or false
Which of the following would not be considered a market distortion:
a. minimum wage b. union-negotiated wage c. monopsony wage d. efficiency wage e. all of the above are market distortions