The main components of spending, which can cause changes in aggregate demand, are:
a. consumption, investment, government purchases, and net exports
b. consumption, investment, government purchases, and imports.
c. investment, savings, replacement of depreciated equipment, and spending.
d. consumption, savings, government purchases, and exports.
a
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Which of the following is a difference between a monopolistically competitive market and a perfectly competitive market in the long run?
A) Firms in a monopolistically competitive market earn zero economic profits in the long run, while firms in a perfectly competitive market earn positive economic profits in the long run. B) Firms in a monopolistically competitive market earn zero economic profits in the long run, while firms in a perfectly competitive market incur losses in the long run. C) Firms in a monopolistically competitive market charge a price higher than marginal cost in the long run, while firms in a perfectly competitive market charge a price equal to marginal cost in the long run. D) Firms in a monopolistically competitive market charge a price lower than marginal cost in the long run, while firms in a perfectly competitive market charge a price equal to marginal cost in the long run.
Refer to Table 9-6. What is the value of $B in stage 1?
A) $100 B) $200 C) $600 D) $800