Which of the following institutions form the private sector in an economy?
a. Only households
b. Households and the government
c. Households, businesses, and foreign firms
d. Households and businesses only
e. Foreign investors and foreign governments
c
You might also like to view...
In the Friedman "Fooling Model" a ________ causes the labor supply curve to shift, and in Figure 17-1 above, if the initial equilibrium is at point C then, the new level of price expectations, POe is ________ than the initial level of Pe
A) change in the money supply; less than B) change in real wages; less than C) change in nominal wages; greater than D) change in price expectations; greater than
The demand curve is given by:
QD = 5000 - 10 P Find equations for: a. Total revenue b. Marginal revenue
If the current account and capital account are both in surplus, the official reserve account does not have to be in deficit
a. True b. False Indicate whether the statement is true or false
As a result of the recent financial crisis, some analysts believed that the MPC in the U.S. declined. If this is true, the value of the multiplier is now
a. smaller. b. larger. c. the same. d. magnified to a larger amount.