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Author Question: Aggregate expenditure includes consumption spending, planned investment spending, government ... (Read 298 times)

madam-professor

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on: Jun 29, 2018
Aggregate expenditure includes consumption spending, planned investment spending, government purchases, and net exports.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 11-16. The figure above illustrates a series of isoquants. Which of the following statements is true?
 
  A) Points z and y represent the same output; this output is produced with more capital at z than at y.
  B) Point z represents a greater output than point x or point y.
  C) Points x, z, and y all represent the same output.
  D) Point x and y represent the same output but the cost of production at y is greater than the cost of production at x.


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jazzlynnnnn

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


madam-professor

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Reply 2 on: Jun 29, 2018
Excellent

fatboyy09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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