In the above figure, when the economy is in a long-run equilibrium, the price level will be

A) 90.
B) 100.
C) 110.
D) 120.


D

Economics

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Current estimates of the marginal propensity to consume out of wealth are in the neighborhood of ________

A) three and one-half cents per dollar of wealth B) 45 cents per dollar of wealth C) 98 cents per dollar of wealth D) $4.87 per dollar of wealth

Economics

In contrast to the functional finance view, Classical sound finance macroeconomics assumes that individuals:

A. do not adjust their spending to account for future tax payments. B. adjust their spending to account for future incomes. C. do not adjust their spending to account for future incomes. D. adjust their spending to account for future tax payments.

Economics

The acquisition of more than 10 percent of the shares of ownership in a company in another nation is called

A. foreign direct investment. B. indirect investment. C. portfolio investment. D. gross private international investment.

Economics

In the television broadcasting industry, ________ is an end user and ________ is a platform

A) an advertiser; a TV service provider B) an advertiser; a TV regulatory agency C) a TV service provider; a TV maker D) a TV maker; TV audience

Economics