Short-run economic growth comes from:
A. Expanding the production possibilities curve.
B. A rightward shift of aggregate supply.
C. Increased or more efficient use of existing resources.
D. A population decrease which increases output per person.
C. Increased or more efficient use of existing resources.
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Consumption spending is $16 million, planned investment spending is $4 million, unplanned investment spending is $2 million, government purchases are $6 million, and net export spending is $1 million. What is aggregate expenditure?
A) $22 million B) $26 million C) $27 million D) $29 million
The current deregulatory movement began to change laws to deregulation in the
a. early 1970s. b. late 1970s. c. early 1980s. d. early 1990s.
The use of money allows trade to be roundabout
a. True b. False Indicate whether the statement is true or false
Economic models are used to:
A. explain every detail of an economic theory. B. explore decision making by individuals, firms and other organizations. C. build physical renditions of government construction projects. D. represent the complexities of economic environments.