Payments to the owners of firms are included in aggregate accounting as:

Identify the correct statement. a. A budget deficit is a flow variable, while debt is a stock variable. b. A budget deficit is a stock variable, while debt is a flow variable. c. A budget deficit and debt are both stock variables

d. The budget deficit decreases when aggregate demand decreases. e. Debt increases when the budget deficit decreases.

Suppose that in November a profit-maximizing firm has 100 employees. By December, the firm has decreased employment. One can infer that, when 100 employees are hired, the

a. firm is losing market share. b. firm is minimizing losses. c. wage exceeds the value of the marginal product of labor. d. value of the marginal product of labor exceeds the wage.