Which of the following is NOT an objective of government?
(a) High and stable economic growth.
(b) Low unemployment.
(c) High Inflation.
(d) Positive Balance of Payments
Answer: (c) High Inflation.
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Using the expenditure approach, total spending by households for durable goods, nondurable goods, and services is a category called:
a. gross private domestic investment. b. capital consumption allowance. c. personal consumption expenditures. d. household investment.
The lower the price of medical care in general, the higher the ____________________________ medical care and the ______________________ specific items that make up medical care (such as x-rays)
A) quantity demanded of; higher the demand for B) demand for; higher the demand for C) quantity demanded of; lower the demand for D) demand for; higher the quantity demanded of