One motive for “battling the invisible hand” is
A. unhappiness about the prices that occur in free markets.
B. envy toward those who apparently benefit from certain prices.
C. a desire to have government “correct” some problems.
D. an attempt to produce justice between buyers and sellers.
E. All of these responses are correct.
Answer: E
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"Net exports" is defined as
A) GDP minus imports. B) exports plus imports. C) GDP minus exports. D) exports minus imports.
Suppose an economy operates at a real GDP level of $855, where saving = $400; investment = $95; government spending = $365; taxes = $130; imports = $210; exports = $170 . Which of the following statements is true in the light of the given information?
a. Aggregate expenditures will fall, because total injections exceed total leakages by $110. b. Real GDP will increase, because total injections are less than $855. c. The economy will be in equilibrium, because leakages equal injections. d. Real GDP will fall, because total leakages exceed total injections by $110. e. Inventories will rise, because planned saving exceeds planned investment.