What is the total demand for goods and services in an entire economy called?
A) supply and demand B) GDP demand
C) aggregate demand D) consumer demand
C
Economics
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If the incremental capital output ratio is 3 and the ratio of saving to national income is 9%, according to the Harrod-Domar model the growth rate of income is
(a) zero. (b) 3%. (c) 6%. (d) 12%.
Economics
Who is most likely to be earning economic rent?
A. A landlord B. A postal employee C. Someone who lives in a rental apartment D. A major league baseball player
Economics
The chairperson of the Federal Reserve's Board of Governors is:
A. elected by the public. B. selected by commercial banks. C. appointed by the Board of Governors. D. appointed by the president.
Economics
How does the lender of last resort potentially create a moral hazard problem?
What will be an ideal response?
Economics