In macroeconomics, the point at which planned aggregate expenditures equals aggregate output
A. is where saving is negative.
B. is only achieved if net exports are zero.
C. only occurs when the MPC is equal to the MPS.
D. is the equilibrium point.
Answer: D
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Suppose initially that the working-age population is 220 million, the labor force is 150 million, and the official U-3 unemployment rate is 10 percent
5 million new jobs are created and filled by 5 million people who had previously been discouraged workers. What is the new U-3 unemployment rate? A) 6.25 percent B) 6.7 percent C) 9.7 percent D) 8.7 percent
Suppose a monopoly is producing its profit-maximizing output level. Now suppose the government imposes a lump-sum tax on the monopoly, independent of its output. As a result the monopoly's profit will fall
Indicate whether the statement is true or false
Would the shopkeeper be able to convince the customer that he would usher the customer out if he gets a low price?
a. Yes, such threats are always credible b. No, because losing the sale is not in the shopkeeper's best interest c. No, because he would get more by accommodating the low price than losing the sale d. Both B&C
Par value is the
A. Increase in the market value of an asset. B. Amount to be repaid when the bond is due. C. Rate of interest to be paid on a bond. D. Same as the risk premium on a bond.