Using the information in the table above, what does GDP equal?
A) $365 billion
B) $350 billion
C) $650 billion
D) $380 billion
E) GDP cannot be calculated without information on the amount of investment.
D
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Greater optimism about the expected profits from investment projects
A) shifts the demand for loanable funds curve rightward. B) shifts the demand for loanable funds curve leftward. C) causes a movement upward along the demand for loanable funds curve. D) causes a movement downward along the demand for loanable funds curve.
Longitudinal data on income inequality in the United States indicates that: a. children of poor families stay poor, but children of rich families do not always stay rich
b. children of poor families often escape poverty, but rich families invariably retain their wealth over time. c. there is substantial movement among income groupings in the United States. d. the rich are getting richer and the poor are getting poorer.
Union leaders who focus on increasing the size of their union will generally accept a wage just above the competitive level
a. True b. False Indicate whether the statement is true or false
The antitrust laws aim to
a. discourage firms from moving production facilities overseas. b. encourage mergers to take advantage of economies of scale. c. facilitate cooperation among firms in oligopolistic industries. d. prevent firms from acting in ways that reduce competition.