Some producers are involved in producing consumption goods while others focus on the production of investments goods. Together, they generate an output that can be written as
a. C = a + bY
b. Y = C + S
c. Y = C + Ii
d. Ii = SI
e. MPC + MPS = 1
C
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Which activity of the Fed would tend to increase excess reserves throughout the banking system?
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To avoid a rule-of-reason violation, the manager of a designer women's clothing firm should not undertake which of these actions without first speaking to an attorney?
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Suppose the market for grass seed can be expressed as Demand: QD = 100 - 2p Supply: QS = 3p If government imposes a 10% ad valorem tax to be collected from sellers, what is the price consumers will pay? How much tax revenue is collected?
What will be an ideal response?
A firm will ________ in the short run if variable costs exceed revenues.
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