If the quantity of hearing aids demanded is represented by the equation QD = 40 - P then the corresponding price of hearing aids is represented by the equation

The simple circular flow of income shows that the total income in an economy equals

A) all taxes paid by households. B) total expenditures. C) the total amount of money supplied by the government. D) total profits earned by firms.

Monetary policy is most effective at home when exchange rates are flexible

Indicate whether the statement is true or false