An example of a factor of production is

A) a bottle of wine produced by a vineyard. B) the wine exported by a vineyard.
C) a vintner hired by a vineyard. D) a loan granted to a vineyard.

C

Economics

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Assume the MPC is 0.8 . Assuming only the multiplier effect matters, a decrease in government purchases of $100 billion will shift the aggregate demand curve to the

a. left by $180 billion. b. left by $500 billion. c. right by $180 billion. d. right by $400 billion.

Economics

Using the five criteria in the book, explain how U.S. currency is suitable to use as a medium of exchange

What will be an ideal response?

Economics