In an open economy, aggregate supply consists of domestic production plus imports

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The price of services at Urban General falls by 10 percent

a. Quantity demanded at Urban General increases by 15.0 percent. b. Quantity demanded at Urban General increases by 1.5 percent. c. Quantity demanded at St.Elsewhere rises by 3.5 percent. d. Quantity demanded at St.Elsewhere falls by 5.0 percent. e. Quantity demanded at Urban General rises by 5.0 percent.

Economics

The consumption that is greater than zero when national income is zero is

a. permanent consumption b. induced consumption c. nondependent consumption d. autonomous consumption e. automatic consumption

Economics