The financial system is important because it helps to match one person's _____ with another person's _____
Fill in the blank(s) with correct word
saving, investment
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According to the circular flow, the dollar value of a nation's output is equal to
A) wages. B) profits. C) net income minus taxes. D) total income.
Refer to the scenario above. If they are the only bidders in the auction, Jeff will win the auction if ________
A) Tom and Roger bid up to their value for the good while Bill and Jeff bid below their value of the good B) Tom and Jeff bid up to their value for the good while Roger and Bill bid below their value for the good C) Bill and Jeff bid up to their value for the good while Tom and Roger stop bidding at $100 and $200, respectively D) each of them bids up to his value for the good
Refer to the above table. If the price is $6 the maximum profit this firm could earn is
A) $210. B) $414. C) $420. D) $630.
The idea that policy actions have no real effects in the short run if they are anticipated and no real effects in the long run is called the
A. adaptive proposition. B. money illusion proposition. C. Keynesian proposition. D. policy irrelevance proposition.