Most economists agree that the immediate determinant of the volume of output and employment is the:
A. composition of consumer spending.
B. ratio of public goods to private goods production.
C. level of total spending.
D. size of the labor force.
C. level of total spending.
You might also like to view...
Antidumping duties are a type of:
a. tariff. b. quota. c. export. d. trade agreement.
Refer to Figure 18-1. Suppose that the U.S. government deficit decreases, causing interest rates in the United States to fall relative to those in the European Union. Assuming all else remains constant, how would this be represented?
A) Supply would increase, demand would increase and the economy moves from D to A to B. B) Supply would decrease, demand would increase and the economy moves from A to D to C. C) Demand would increase and the economy moves from A to B. D) Demand would decrease and the economy moves from B to A.