The increase in the capital stock equals the amount of
A) gross investment.
B) depreciation.
C) net investment.
D) private sector spending.
C
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All of the following shift the aggregate demand curve to the right EXCEPT
A) an increase in expected future profit. B) an increase in foreign income. C) an increase in government expenditure. D) an increase in taxes. E) an expansion of the global economy.
A program to reduce inflation is likely to have lower costs if the sacrifice ratio is
a. high and the reduction is unexpected. b. high and the reduction is expected. c. low and the reduction is unexpected. d. low and the reduction is expected.
The nominal interest rate is the:
A. annual percentage increase in the dollar value of a financial asset. B. real rate of return on an asset. C. annual percentage increase in the purchasing power of a financial asset. D. the real interest rate minus the inflation rate.
Consumer surplus does not exist because some consumers cannot afford to purchase the product at all.
Answer the following statement true (T) or false (F)