The equation representing the final demand approach to calculating GDP is
a. Y = C + I + X + IM.
b. Y = C + I + G.
c. Y = G + I + X ? IM.
d. Y = C+ I + G + (X ? IM).
d
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Is the following quote correct? "Here's the law of demand in a nutshell: The higher the price, the lower the demand."
A) Yes, it is totally correct. B) No. It would be correct if it were to also say "other things constant." C) No, because it confuses demand and quantity demanded. D) No, because the law of demand does not apply to nutshells.
In Canada, there are no preferences given to Canadian tv networks and programming over U.S. networks and programming
Indicate whether the statement is true or false
A decrease in inflationary expectations __________ interest rate
A) raises the natural B) raises the nominal C) lowers the natural D) lowers the nominal
Economies of scale tend to create natural monopolies
a. True b. False Indicate whether the statement is true or false