Which of the following is a component of aggregate demand?
A. Net exports
B. Income
C. Government revenues
D. Taxes
A. Net exports
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Which of the following is the most important source of external financing for corporations?
A) stock market B) bond market C) retained earnings D) mortgages
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
An auction in which the price announced by the auctioneer DESCENDS is called a(n)
A) Dutch Auction. B) English Auction. C) Sealed Bid Auction. D) Descending Option Auction.
Households will supply labor as long as the wage they receive is less than the value of their leisure time.
Answer the following statement true (T) or false (F)