On the aggregate expenditure graph, if autonomous investment decreases by $10 billion,
What will be an ideal response?
the aggregate expenditure line shifts downward by $10 billion
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The three primary sources of corporate funds are
A) banks, friends, and family. B) government, other corporations, and the central bank. C) investment banks, brokerages, and insurance companies. D) stocks, bonds, and reinvestment of profits.
Deadweight loss is the net loss to society when a monopolist restricts output and increases the price
Indicate whether the statement is true or false
According to the law of demand, a demand curve:
a) Is downward sloping. b) Is upward sloping. c) Can slope either upward or downward based on consumer behavior. d) Is a horizontal, or flat, line.
A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule:
Refer to the above table. The marginal opportunity cost of the third unit of steel is:
A. 18.3 units of wheat
B. 25 units of wheat
C. 20 units of wheat
D. 55 units of wheat