Figure 10-5
In Figure 10-5, which graph best illustrates the situation of an economy near full employment that experiences an increase in autonomous consumer spending?
A. (1)
B. (2)
C. (3)
D. (4)
Answer: B
Economics
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Study the graph. Suppose this nation starts with producing all military goods. It then decides to produce a mix of civilian and military goods represented by point B. What represents the costs in military goods given up?
What will be an ideal response?
Economics
Which of the following is NOT an example of a flow variable?
A) inventory investment B) The federal deficit C) capital stock D) planned investment
Economics