The following table shows the aggregate supply and demand data for a country. What is the equilibrium output?
A. 4,000
B. 8,000
C. 7,000
D. 9,000
Answer: C. 7,000
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The primary functions of money are:
A. velocity, liquidity, and transactions. B. speculative demand, measure of value, and precautionary demand. C. a medium of exchange, a unit of account, and a store of value. D. a store of value, heterogeneity, and a medium of exchange.
During hyperinflation, the value of money.....
What will be an ideal response?
In 2007, Google spent more than $2 billion on property and equipment. This is called
A. aggregate production investment. B. intermediate inputs. C. aggregate investment. D. investment in physical capital.
Refer to the information provided in Table 19.8 below to answer the question(s) that follow.Table 19.8Total IncomeTotal Taxes$20,000 $2,000 40,000 4,800 60,000 9,000 80,000 16,000Related to the Economics in Practice on page 393: Refer to Table 19.8. If income increases from $20,000 to $40,000, the marginal tax rate is
A. 2%. B. 12%. C. 14%. D. indeterminate from this information.