When total production is greater than total expenditures,
A) the economy is in disequilibrium.
B) there are increases in inventory.
C) total output will decrease.
D) all of the above
D
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Real-world applications of deposit-refund systems include
a. programs implemented through state bottle bills b. initiatives aimed at proper disposal of lead-acid batteries c. programs that create incentives to return scrapped vehicles d. all of the above e. none of the above
A buyer always wants to:
A. buy for a price that is as high as possible, but never higher than his willingness to pay. B. buy for a price that is as low as possible, but never lower than his willingness to pay. C. buy for a price that is as low as possible, but never higher than his willingness to pay. D. buy for a price that is as high as possible, but never lower than his willingness to pay.
Under a fractional-reserve banking system, the money supply cannot change without any action from the Federal Reserve
a. True b. False Indicate whether the statement is true or false
An agency that regulates product markets is the
A. Occupational Safety and Health Administration. B. Environmental Protection Agency. C. Federal Trade Commission. D. Equal Employment Opportunity Commission.