Refer to the above figure. At real GDP of $1 trillion, actual investment equals
A) planned investment of $1 trillion.
B) planned saving of $1 trillion.
C) actual saving of 0.
D) unanticipated inventory adjustments of $1 trillion.
D
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A baby boom will have what immediate effect on the disposable diaper market?
a. Supply decreases. b. Supply increases. c. Demand decreases. d. Demand increases. e. Supply and demand remains the same.
Answer the following questions true (T) or false (F)
1. If a monopolistically competitive firm breaks even, the firm is earning as much in this industry as it could in any other comparable industry. 2. A monopolistically competitive firm that earns economic profits in the short run will be able to expand its market share even if the market size remains constant. 3. A monopolistically competitive firm that earns economic profits in the short run will face a more elastic demand curve in the long run.
(Figure: Monthly Demand for Ice Cream Cones) Look at the table Monthly Demand for Ice Cream Cones. The graph represents one individual's monthly demand for ice cream cones. At a price of $5 per cone, this individual will consume 10 cones in a month. How much consumer surplus does this consumer receive?
A) $150 B) $100 C) $500 D) $50
If the nominal interest rate is 5 percent and inflation is 3 percent, the real interest rate is:
A. 8 percent. B. 0 percent. C. 2 percent. D. 15 percent.