If you buy a brand new, American-made laptop computer to use for taking notes in your economics class, then it will be counted as:
a. none of the following.
b. C.
c. I.
d. G.
e. (X ? M).
b
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Crowding out occurs when deficit spending by the government forces private investment spending to contract.
Answer the following statement true (T) or false (F)
If a 10 percent increase in income results in an 8 percent increase in the quantity demanded of a good, the income elasticity of demand equals ________ and the good is ________ good
A) 0.80; an inferior B) 1.2; a normal C) 0.80; a normal D) -1.2; an inferior
Average tariff rates are highest for
A) high-income countries. B) middle-income countries. C) low-income countries. D) industrialized countries.
In which of the following monetary aggregates are Treasury Bills included?
A. M1 only B. M2 only C. Both M1 and M2 D. Neither M1 nor M2