C = $40 million + 0.6(1 - 0.2)Y I = $35 million G = $31 million NX = -$6 million Based on the above data, the value of the expenditure multiplier is

Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible

What will be an ideal response?

When individuals come together to buy and sell goods and services, they form a(n)

a. economy b. market c. production possibilities frontier d. supply curve e. demand curve