In the figure above, the allocatively efficient output of computers is
A) 2 million per year.
B) 3 million per year.
C) 4 million per year.
D) the largest amount possible.
B
Economics
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Based on the information in the above table, the value of M1 is
A) $2,100. B) $1,700. C) $3,000. D) $3,100.
Economics
We depart from the assumptions of classical economics when we focus on the relationship between
a. the quantity of output and the price level. b. the quantity of output and the unemployment rate. c. the price level and the inflation rate. d. inflation and the nominal interest rate.
Economics