The income-expenditure model focuses on changes in
A) price. B) operational lags.
C) output levels. D) import restrictions.
C
Economics
You might also like to view...
The slope of the budget line
a. is always -1 b. represents the opportunity cost of consuming one more unit of the good measured on the horizontal axis c. increases as more of one good is consumed d. decreases as more of one good is consumed e. is negative because of the law of demand
Economics
Assuming a reserve ratio of 25 percent, if a bank receives $100,000 in deposits how much can the bank loan out?
A. $100,000 B. $400,000 C. $25,000 D. $75,000
Economics