Net exports is the key to the equality of aggregate expenditures and aggregate income.
Answer the following statement true (T) or false (F)
False
Profit is the key to the equality of aggregate expenditures and aggregate income.
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In the table above, the official U-3 unemployment rate is
A) 50 percent. B) 15 percent. C) 10 percent. D) 5 percent.
In an economy, the price level has doubled in about 70 years. The approximate annual percentage rate of increase in the price level over this period has been:
A. 1 percent. B. 2 percent. C. 3 percent. D. 4 percent.
Refer to Scenario 7.7 below to answer the question(s) that follow. SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively. Refer to Scenario 7.7. The marginal product of the fourth worker is
A. 2. B. 3. C. 12. D. 14.
With unstable money demand and thus an unstable ________ curve, fluctuations in output are ________ by the fortuitous selection of ________ targeting
A) LM, minimized, money supply B) LM, eliminated, interest rate C) LM, minimized, interest rate D) IS, minimized, money supply E) IS, eliminated, interest rate