Which of the following is the basic equation underlying aggregate expenditures?
A. MV = PQ
B. AS = AD
C. Saving = Income - Consumption
D. Ca + Ig + Xn + G = GDP
D. Ca + Ig + Xn + G = GDP
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Using prices from 2012, GDP grew 10 percent between 2012 and 2013; using prices from 2013, GDP grew 8 percent between 2012 and 2013
For its link back to the base year, the BEA will use ________ percent as the growth in real GDP between 2012 and 2013. A) 10 B) 2 C) 18 D) 9 E) 8
What are demand deposits?
(a) Money held by private individuals or corporations placed in depository accounts at banks (b) Liabilities (things that are owed) to banks and assets (things of value) to depositors or bank customers (c) Checking accounts that depositors can use on demand (d) All of the above
Which of the following is not an assumption of the medium voter model?
a. Voters can place all election alternatives along a one-dimensional continuum. b. Voters always vote their true preference. c. Voters prefer alternative closer to their preferred outcome. d. Voters engage in preference falsification.
Deadweight loss
What will be an ideal response?