Refer to above Table 2-2. The implicit GDP deflator for year 2 is
A) 1.284.
B) 1.432.
C) 1.101.
D) 1.334.
A
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The law of demand indicates that as the cost of an activity:
A. rises, the level of the activity may or may not increase depending on the individual. B. falls, less of the activity will occur. C. rises, less of the activity will occur. D. rises, more of the activity will occur.
Net investment is
A) the same as gross investment. B) gross investment minus depreciation. C) the same as depreciation. D) the same as wealth. E) gross investment plus depreciation.
In 2008, the financial and housing crisis caused firms to decrease their profit expectations. As a result, there was a ________ in the ________ for loanable funds curve
A) leftward shift; demand B) movement upward along; demand C) leftward shift; supply D) movement downward along; supply
In a free market there are significant restrictions on how a good or service can be produced or sold
Indicate whether the statement is true or false