A circular flow model shows the interrelationship between the ________ market and the ________ markets
A) household; goods
B) household; factor
C) business; household
D) expenditure; income
E) goods; factor
E
You might also like to view...
If the marginal private cost of producing one kilowatt of power in California is ten cents and the marginal social cost of each kilowatt is fourteen cents, then the marginal external cost equals ________ per kilowatt
A) ten cents B) nineteen cents C) four cents D) zero cents E) fourteen cents
Government may make it possible
A) to create a network externality. B) to find 'winners' in the stock market. C) for a firm to become a monopoly. D) all of these choices.
Which of the following both shift aggregate-demand curve to the right?
a) a decrease in taxes and at a given price level consumers feel more wealthy b) a decrease in taxes and at a given price level consumers feel less wealthy c) an increase in taxes and at a given price level consumers feel less wealthy d) an increase in taxes and at a given price level consumers feel more wealthy
The tool most frequently relied on by the Fed is
A. interest rate changes. B. changing the money multiplier. C. changing the discount rate. D. open-market operations. E. changing the reserve ratio.