Aggregate output will increase if there is a(n)
A. unplanned fall in inventories.
B. decrease in consumption.
C. unplanned rise in inventories.
D. increase in saving.
Answer: A
You might also like to view...
Currency traders expect the dollar to appreciate. What impact will this have on equilibrium in the foreign exchange market?
A) The dollar will appreciate, and the equilibrium quantity of dollars will increase. B) The dollar will appreciate, and the equilibrium quantity of dollars will decrease. C) The dollar will depreciate, and the equilibrium quantity of dollars exchanged will decrease. D) The dollar will appreciate, and the change in the equilibrium quantity of dollars exchanged cannot be determined.
The basic problem with the government setting an absolute poverty line is that it is
a. completely objective. b. somewhat arbitrary. c. unconstitutional. d. based on average income.
Answer the following statement(s) true (T) or false (F)
1. A monopoly exists when there are no barriers to entry into a market. 2. Pure monopoly is rare. 3. In a natural monopoly, goods are most efficiently produced by one large firm. 4. Alcoa had a monopoly on aluminum because it controlled an important harbor. 5. Monopolists are price takers.
For the perfectly competitive firm, the marginal revenue is always
A. Increasing. B. Decreasing. C. Constant. D. Equal to average total cost.