If inventories decline by more than analysts predict they will decline, this implies that
A) actual investment spending was equal to than planned investment spending.
B) there is no relationship between actual investment spending and planned investment spending.
C) actual investment spending was greater than planned investment spending.
D) actual investment spending was less than planned investment spending.
D
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Purchasing additional equipment for more people to use or share in a production environment usually results in a
A) higher level of output. B) more expensive level of output. C) backlog of production. D) worker sharing his or her load.
Under a fixed exchange rate regime, if the domestic currency is initially undervalued, that is, above par, the central bank must intervene to sell the ________ currency by purchasing ________ assets
A) domestic; foreign B) domestic; domestic C) foreign; foreign D) foreign; domestic
Which of these meets the M2 definition of money, but not the M1 definition of money?
a. traveler’s checks b. savings deposits c. currency d. demand deposits
Which of the following shifts short-run aggregate supply right?
A. An increase in the minimum wage B. An increase in immigration from abroad C. An increase in the price of oil D. An increase in the actual price level