Leakages in the circular flow model are

A) caused by people not acting rational.
B) possible when unemployment exists.
C) reflected in the vertical long-run aggregate supply curve.
D) caused by people saving instead of spending.

D

Economics

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__________ means selling goods below their cost of production.

A. Protectionism B. Dumping C. Import quotas D. Non-tariff barriers

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The Laffer curve shows a relationship between

A. tax rates and tax revenues. B. the price level and real Gross Domestic Product (GDP). C. government spending and real Gross Domestic Product (GDP). D. interest rates and investment spending.

Economics