Which of the following is a flow variable?

a. the number of cars registered in the U.S.
b. the number of unemployed workers this week
c. your total net worth yesterday
d. the government debt this year
e. a salary of $4,000 per month

E

Economics

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What is the relationship between aggregate planned expenditure and real GDP at equilibrium expenditure?

What will be an ideal response?

Economics

Grace Makutsi finally bought a pair of blue shoes that she had been coveting for a long time. In less than a week she discovered that the shoes were uncomfortable. Grace went back to wearing her old pair and stashed away the new pair. When asked by her

boss, Mme. Ramotswe, why does she not simply give away the new pair, she said: "But I paid so much for them." Grace's behavior A) is rational: she should not discard a valuable item. B) ignores the fact that the purchase price is now a sunk cost and has no bearing on whether she should give them away or not. C) supports the endowment effect which states that ownership of an item makes it more valuable. D) is rational because the more you pay for an item the more valuable it is.

Economics