Comparing aggregate expenditure and aggregate incomes shows that
A) aggregate expenditure is usually greater than aggregate income.
B) aggregate income is usually greater than aggregate expenditure.
C) they are equal.
D) aggregate income cannot equal aggregate expenditure if we have any savings.
C
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An individual is induced to change his/her occupation if:
a. the sunk cost of the current occupation is high. b. the expected net gains from the alternative occupation is negative. c. the outlook for future income, in the current occupation, increases. d. he/she has devoted a lot of money, time and effort in the current occupation. e. the marginal cost of remaining in the current occupation is very high.
The new $20 bills are being introduced by the U.S. Treasury primarily to diminish
A. inflation. B. poverty. C. counterfeiting. D. bank failures.