Refer to the above figure. Point B
A) equals autonomous consumption.
B) equals autonomous consumption plus autonomous consumption plus planned investment plus autonomous government spending plus autonomous net exports.
C) has no special significance.
D) equals government expenditures.
B
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The demand schedule shows that the price of a good and quantity demanded are directly related to each other
a. True b. False Indicate whether the statement is true or false
In the dollar-yen foreign exchange market, if Japanese companies sharply increase their importation of U.S. products, then the:
A. Supply of yen will decrease and the yen will appreciate B. Supply of yen will increase and the yen will depreciate C. Demand for yen will increase and the yen will appreciate D. Demand yen will decrease and the yen will depreciate
The dominant strategy allows a firm to
A. obtain the highest benefit, regardless of its rivals' actions. B. escape from a Prisoners' Dilemma situation. C. transform a negative-sum game into a positive-sum game. D. transform a zero-sum game into a positive-sum game.
Positive Econ Statements
What will be an ideal response?