In the simple circular flow model, if planned I exceeds planned S, then
a. the economy is not at equilibrium.
b. the size of the circular flow is increasing.
c. if the economy is at full employment, then prices will rise.
d. All of these.
d. All of these.
Economics
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________ questions have to do with explanation and prediction; ________ questions have to do with what ought to be.
A. Negative; normative. B. Positive; negative. C. Affirmative; positive. D. Econometric; theoretical. E. Positive; normative.
Economics
Special interest groups often a. represent broad questions of public interest. b. pursue rent-seeking behavior
c. do not use lobbying techniques. d. have no effect on the political process.
Economics