Which of the following equations does NOT state a condition required for equilibrium output:?
A) Y = C(Yd) + I + G + CA(EP*/P,Yd)
B) Y = C(Y - T) + I + G + CA(EP*/P,Y - T)
C) Y = D(EP*/P,Y - T,I,G)
D) R = R* + (EP/E)
E) Y = D(EP*/P,Yd,I,G)
D
Economics
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How did people like Mark Zuckerberg of Facebook and the late Steve Jobs of Apple become so rich?
a. mostly by stealing from those who were less fortunate b. by acquiring more years of schooling than almost anyone else c. by obtaining large subsidies from powerful politicians d. by providing highly valued goods and services to consumers at attractive prices
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Which of the following is an element of a command economy?
A. Production decisions are centralized. B. The market decides what will be produced. C. The means of production are privately owned. D. The market decides distribution.
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