The total of all planned expenditures in the entire economy is the definition of
A) production possibilities curve. B) aggregate demand.
C) net domestic product. D) aggregate supply.
B
Economics
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Which of the following utility functions has the same MRS as U(q1,q2 ) = q1 q2?
A) q11/2 q21/2 B) q1 + q2 C) q11/2 + q21/2 D) (q11/2 + q11/2 )2
Economics
An excise tax is a tax that is levied on
A) the value of a piece of property. B) the purchase of a given good or service. C) the value of an estate. D) that part of a person's income coming from interest payments.
Economics