A $1 million increase in investment spending will raise equilibrium output (real GDP) by:

a. less than $1 million.
b. exactly $1 million.
c. between $0.5 and $1.5 million.
d. more than $1 million.


d

Economics

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Economics

An analyst on a local news channel argues that the recent corporate scandals "demonstrated very clearly that self interest always contradicts social interest." Do you agree or disagree? Substantiate your answer

What will be an ideal response?

Economics

A pure private good is one

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Economics

Which of the following is used to depict all combinations of goods that are affordable with a given income and given prices?

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Economics