Which of the following is not a component of investment spending?
A) spending by firms on equipment
B) the purchase of 1000 shares of corporate stock
C) residential construction
D) changes in inventories
B
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Suppose sport utility vehicles get poor gas mileage compared to other available cars. If the price of gasoline increases, then one would expect:
A. the demand for sport utility vehicles to increase. B. the quantity demanded of sport utility vehicles to decrease. C. the demand for sport utility vehicles to decrease. D. the demand for gasoline to decrease.
The determination of the nation's money supply is called:
A. monetary policy. B. trade policy. C. fiscal policy. D. structural policy.
Which is NOT one of the potential benefits of labor unions?
A) Unionism raises social efficiency. B) Unions appear to reduce wage inequality. C) Unions may reduce a company's profits. D) Unions may have contributed to safer working conditions.
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.