Multiple Choice
Consider the household sector. According to the circular flow model, firms:
A) only demand from this market
B) both supply to and demand from this market
C) neither supply to nor demand from this market
D) only supply to this market
Correct Answer:
Verified
Correct Answer:
Verified
Q16: The annual average rate of inflation for
Q17: When injections exceed withdrawals, total output will:<br>A)
Q18: When withdrawals exceed injections, total output will:<br>A)
Q19: The economic growth rate is the increase
Q20: Potential economic growth is:<br>A) the percentage annual
Q22: How is the rate of unemployment measured
Q23: Distinguish demand- pull and cost- push inflation.
Q24: During the global recession of 2008- 2009
Q25: GDP measures the value of intermediate goods;
Q26: The labour force is the:<br>A) number of