Consumption expenditure includes
a. the production of consumption goods not sold and held in inventory.
b. the purchase of consumption goods made domestically but consumed by foreigners.
c. purchase of goods and services by local government.
d. services, durables, and non-durable goods.
D
Economics
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The market for wheat is an example of
A) a monopoly market. B) an oligopolistic market. C) a perfectly competitive market. D) a monopolistically competitive market.
Economics
The belief that the velocity of money is not constant but highly predictable is associated with the:
a. classical school. b. Keynesian school. c. supply-side school. d. rational expectations school e. monetarist school.
Economics