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Explain how concepts is developed for the "circular flow" of goods and services. Describe how the good moves in relation to:
Households.
Suppliers of goods and services.
Money
Accurately describes the circular flow of goods relating to households.
Accurately describes the circular flow of goods relating to firms.
Accurately describes the circular flow of goods relating to money.
Describe the main explanation for the downward rigidity of wagesin the modern macro economy. Evaluate their probability of being correct and important.
affects of investment of ldc-pick one country that has done well with investmentall good point-pick one country that
What makes an automobile an American car? List all of the friends and relatives you have who are working for an export industry, or for a foreign-owned firm, or all the foreign-owned firms in your city or town.
What would happen to consumption, saving, and work if the government borrowed money to wage war and only paid the interest payments
With the AD-AS model, what will be the impact of expansionary demand management policy on the economy?
A corporation enters into a five-year interest rate swap with a swap bank in which it agrees to pay the swap bank a fixed rate of 9.75 percent annually on a notional amount of €15,000,000 and receive LIBOR.
Why is the money multiplier in the United States smaller than the inverse of the required reserve ratio?
When the price of a good rises relative to income, people cannot afford all the things they previously bought, so the quantity demanded decreases. What is it called?
A firm's minimum average cost of $25 a backpack occurs when the firm produces 4 backpacks a day.
The table below shows the average gross domestic product (GDP) for low-, middle-, and high-income countries for the years 1990 and 2004.
Jay's utility function is U= square root of M , and his initial wealth is 1024. Will he accept a gamble in which he wins 272 with probability 2/3 and lose 700 with probability 1/3?
Indicate which curve or curves would shift and how that would affect the aggregate equilibrium price level and equilibrium real income (GDP) in the short-run.
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