The four components of aggregate demand are ______.
a. price levels, goods, services, and disposable income
b. consumption, investment, government purchases, and net exports
c. price level, individual demand, market demand, and exports
d. consumption, GDP, disposable income, and net imports
b. consumption, investment, government purchases, and net exports
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Over the past year, output grew 5%, capital grew 5%, and labor grew 1%. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, respectively, how much did productivity grow?
A) 0.5% B) 1.0% C) 2.2% D) 2.8%
The cost borne by an individual user to switch to another network is small if the network which he is using is large
a. True b. False Indicate whether the statement is true or false
Stable property rights
A. are conducive to investment. B. are found in countries with dictatorships. C. are not necessary for rapid growth. D. exist in all economies.
The survey the Bureau of Labor Statistics uses to collect unemployment data is called the:
A. census employment survey. B. current population survey. C. current employment survey. D. census population survey.