Which of the following statements about a circular flow model is false?
A) Producers are buyers in the factor market and sellers in the product market.
B) Households are neither buyers nor sellers in the input market.
C) Producers are buyers in the factor market.
D) Households are buyers in the product market.
Answer: B
Economics
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If the AS and the AD curve intersect at a level of real GDP that exceeds potential GDP, then the appropriate monetary policy is one that ________ the federal funds rate and ________ aggregate demand
A) raises; increases B) lowers; decreases C) raises; has no effect on D) lowers; increases E) raises; decreases
Economics
Although most large firms in the United States offer their employees health insurance, fewer than two-thirds accept it
Indicate whether the statement is true or false
Economics