If aggregate demand is less than the level of aggregate output, then ________ inventory investment will be ________
A) planned; positive
B) actual; positive
C) actual; negative
D) planned; negative
B
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Goods and services that the United States sells to other nations are called
A) exchanges. B) world goods. C) imports. D) exports. E) bartered goods.
If Sam Jackson voluntarily quits one job, possesses marketable skills, and expects to find a new job in a few weeks, then Mr. Jackson is considered:
a. frictionally unemployed. b. cyclically unemployed. c. seasonally unemployed. d. structurally unemployed. e. unwise to quit his job without already having another one.
By decreasing the required reserve ratio, the Federal Reserve will
A. increase the money supply unless accompanied by a decrease in the discount rate. B. increase the money supply unless banks hold on to excess reserves instead of lending them. C. decrease the money supply by the amount of the initial change caused by the decreased required reserve ratio. D. decrease the money supply by a multiple of the initial change caused by the decreased required reserve ratio.
Refer to the information provided in Table 33.1 below to answer the question(s) that follow. Table 33.1
Refer to Table 33.1. Before specialization, Mexico produces 160 bushels of oranges and 40 bushels of bananas, and Guatemala produces 30 bushels of oranges and 40 bushels of bananas. After specialization, the increase in banana production is
A. 10 bushels of bananas. B. 15 bushels of bananas. C. 20 bushels of bananas. D. 40 bushels of bananas.