At a business cycle peak, we usually have ________ real Gross Domestic Product
A) an all-time high level of
B) an all-time low level of
C) an historically average level of
D) accelerating growth of
E) the maximum growth rate of
A
Economics
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Which of the following components of aggregate expenditure is most subject to crowding out?
a. Consumption expenditures b. Investment spending c. Imports d. Government purchases of goods and services e. National saving
Economics
If an economy produces 3,000 units of output with a money supply of $500 and a velocity of 9, we know the price level must be:
A. $1.50. B. $2. C. $4.50. D. $9.
Economics