A written contract whereby the seller agrees to convey at an agreed price at a defi- nite time in the future, and the buyer agrees to buy at said time and price would be a. an executory, express, bilateral contract. b. an executed, implied, unilateral contract. c. a valid, express, unilateral contract. d. an enforceable, bilateral, executed contract.

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.

Draw, label and explain the circular flow model (cfm). include the following: firms, households, product market, and factor (or resource) market. who owns the productive resources? what are those resources? what payment does each type of resource earn? explain the two markets in the cfm and explain the roles that firms and household each play in the cfm.

What can be concluded from the data about the reliability and validity of the thermometers