The total value of all outstanding federal government securities is
A) a flow variable.
B) the budget deficit.
C) total personal wealth.
D) none of the above.
D
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A local restaurant increases the prices on its burgers as soon as it begins a promotional campaign. Which of the following is most likely to be true?
a. The promotional campaign featured how much better their burgers are b. The promotional campaign focused on the value per dollar c. The promotional campaign made demand more elastic d. All of the above
In the Keynesian cross diagram, the 45-degree line represents the short-run equilibrium condition that:
A. I ? I p. B. Y = PAE. C. Y* = Y. D. PAE = C + I p + G + NX.
What is a long-run supply curve? What does a long-run supply curve look like on a perfectly competitive market graph?
What will be an ideal response?
In an open economy,[C + I + G + EX - IM] equals
A. unplanned inventories. B. aggregate supply. C. the balance of trade. D. planned aggregate expenditures.