Ignoring the government and foreign sectors, if planned investment spending is $50 billion, planned saving is $70 billion, and real Gross Domestic Product (GDP) is $200 billion, then unplanned inventories will
A. increase $20 billion.
B. decrease $20 billion.
C. increase $80 billion.
D. decrease $80 billion.
Answer: A
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Checks that people write are
A) the largest component of the money supply. B) not money. C) only part of M2 but not part of M1. D) part of M1 but not part of M2.
According to economists
A) market capitalism is the best system available and some government intervention and regulation can either help or harm the social interest. B) market capitalism is the best system available and any government intervention and regulation will inevitably harm the social interest. C) centrally planned socialism is the best system available since governments generally make decisions that are in social interest. D) centrally planned socialism and pure market capitalism are equally capable of promoting social interest, but a mixed economy is an undesirable compromise between the two that will harm social interest.
Martin Shore lost his job when General Motors closed down its local plant. He has been visiting the personnel offices of the other factories in the area, looking for a new job. He is:
a. a member of the civilian labor force who is employed. b. a member of the civilian labor force who is unemployed. c. a member of the civilian labor force who is underemployed. d. a discouraged worker who is not a member of the labor force. e. not a member of the labor force.
The poverty line fell the most between
A. 1960 and 1968. B. 1968 and 1976. C. 1976 and 1984.