Refer to the table. The amount of investment that will be forthcoming in this economy at equilibrium is:
A. $700.
B. $600.
C. $500.
D. $300.
C. $500.
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When economists are trying to explain the world, they are
a. scientists. b. policy advisers. c. in the realm of microeconomics rather than macroeconomics. d. in the realm of normative economics rather than positive economics.
In a linear regression equation Y = a + bX, the fitted or predicted value of Y is
A. the values of the parameters predicted by the estimators. B. the value of Y associated with a particular value of X in the sample. C. the value of X that the regression equation predicts. D. the value of Y obtained by substituting specific values of X into the sample regression equation. E. the value of X associated with a particular value of Y.
If the quantity of housing supplied in a community is greater than the quantity of houses demanded, the existing price:
A) is above the market equilibrium price. B) will rise to clear the market. C) will either rise or remain unchanged. D) is below the market equilibrium price.
What are the two types of demand that make up total demand for money?
What will be an ideal response?