According to the circular flow model, an increase in spending by businesses on productive resources would cause the income and spending of consumers to increase
Indicate whether the statement is true or false
TRUE
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Explain how the labor market and the production function determine potential GDP
What will be an ideal response?
If the economy is on the LM curve, but is to the right of the IS curve, aggregate output will ________ and the interest rate will ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Under the bimetallic standard of the 19th century,
a. gold was initially valued at about 15 times that of silver. b. price fluctuations of gold and silver eased the adoption of the system. c. price fluctuations caused hoarding of undervalued coins. d. Both a and b are correct. e. Both a and c are correct.
Many individuals without health insurance receive "free" care. What are the sources of most of the care they receive?
a. Private, for-profit hospitals b. Multi-specialty physicians' practices c. Private, not-for-profit hospitals d. Public hospitals and clinics e. Solo practitioners and their associates