If planned aggregate expenditure equals GDP, the economy is in macroeconomic equilibrium
Indicate whether the statement is true or false
TRUE
Economics
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Which of the following is NOT an output of the production function?
A) a haircut B) a share of Acme Corporation stock C) a case of soda pop D) an extra-large pepperoni pizza
Economics
Which of the following is not an argument in favor of the globalization of business?
A) More efficient use of resources lowers operating costs and selling prices. B) More products are made available and new markets are opened. C) Economic and political security are enhanced. D) Technology transfers improve living standards in poorer countries.
Economics