In equilibrium, aggregate expenditures are equal to ________.
A. wages, rent, and interest
B. consumption and investment
C. income
D. nominal GDP
Answer: C
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The use of financial leveraging on mortgage backed securities played a central role in the 2008 financial crisis
a. True b. False Indicate whether the statement is true or false
Which question is an illustration of a microeconomic question?
a. Is the quantity of wine purchased in one year dependent upon the price of wine? b. Is the purchasing power of the dollar higher or lower today than it was in 2000? c. Does government spending influence the total level of employment in the economy? d. Is capitalism superior to socialism?
Figure 10-8
?
Figure 10-8 illustrates a period of
A. low unemployment and high inflation. B. low unemployment and low inflation. C. high unemployment and high inflation. D. high unemployment and low inflation.
Patents and licenses are barriers to entry.
Answer the following statement true (T) or false (F)