45° line diagrams show how
a. investment varies with income.
b. expenditures vary with income.
c. investment spending rises when GDP rises.
d. GDP is affected by government purchases.
b
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The figure above shows a typical perfectly competitive corn farm, whose marginal cost curve is MC and average total cost curve is ATC
Assuming there are no changes in technology, in the long run the lowest possible price for corn is ________ per bushel. A) $2.50 B) $2.00 C) $3.00 D) $3.50
"Americans hate broccoli." "Because so few Americans like broccoli, average broccoli sales are lower in America then anywhere else." Which of these two statements about the preferences of Americans is more accurate? Why?
What will be an ideal response?
One major roadblock with paying student-athletes is that universities are hesitant to
a. create a semiprofessional league b. establish an employee-employer relationship c. pay their student-athletes competing in Olympic sports d. reduce coaching salaries in order to compensate student-athletes e. none of these
During times of financial hardship, the number of people on public assistance ______, causing aggregate demand to ______.
a. decreases; decrease b. increases; increase c. decreases; increase d. increases; decrease