If planned investment is equal to actual investment, then aggregate expenditure is equal to GDP

Indicate whether the statement is true or false

TRUE

Economics

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Does the fact that the price elasticity of demand for a good is inelastic violate the law of demand?

What will be an ideal response?

Economics

The key characteristic of an oligopolistic market is:

A) production of a homogeneous product. B) mutual interdependence among firms in the market. C) the absence of market power by any one firm. D) ease of entry into, and exit out of, the market.

Economics