The time value of money is also referred to as the ________

The condition in circular-flow models whereby firms purchase all the goods not purchased by households is that

A) inventory investment is zero. B) saving is zero. C) fixed investment is zero. D) consumption equals investment. E) investment equals saving.

Technological innovations will cause

a. production to increase but the production possibilities curve to remain unchanged b. the production possibilities curve to shift to the left c. the production possibilities curve to shift to the right d. an economy to operate within its production possibilities curve e. production at a point above or exterior to the production possibilities curve