What is true of the slope of the aggregate expenditure line when factors of investment, government spending, and net exports are taken into account?
a. It is always 90 degrees.
b. It is always horizontal.
c. It is always positive.
d. It is always negative.
c. It is always positive.
Economics
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The basic rule for maximizing net revenue is: Charge a price, or set of prices, so that
A) expected marginal revenue equals expected marginal cost. B) expected marginal revenue exceeds expected marginal cost. C) expected marginal revenue is equal to or less than expected marginal cost. D) marginal revenue turns out in practice to be equal to or less than marginal cost. E) marginal revenue turns out in practice to be greater than marginal cost.
Economics
At a higher nominal interest rate, the demand for money decreases
a. True b. False Indicate whether the statement is true or false
Economics