What all is included in the calculation of government purchases?
a. clearing snowy roads
b. buying public library books
c. clearing court dockets
d. all of the above are used in the calculation of government purchases
d
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There is an inverse relationship between the quantity of money demanded and the interest rate. True or False
Suppose the government has a budget surplus. Then
A) private saving is less than investment and government saving is positive. B) private saving is greater than investment and government saving is positive. C) private saving is greater than investment and government saving is negative. D) private saving is equal to investment. E) private investment is greater than the sum of government saving and private saving.
Describe briefly how the final value of an iPhone which costs $700 must be equal to the sum of incomes generated by the production of the iPhone
What will be an ideal response?
A consumer satisfies the condition ________ when her indifference curve is just tangent to her budget constraint.
A. TUx = TUy B. TUx/Px = TUy/Py C. MUx/Px = MUy/Py D. MUx = MUy