Which of the following is correct? When the expected amount supplied exceeds the expected amount demanded, then:
a. Inventories rise, unemployment tends to rise, and prices tend to fall.
b. Inventories rise, unemployment tends to fall, and prices tend to rise.
c. Inventories fall, unemployment tends to rise, and prices tend to rise.
d. It is impossible for these two to be unequal.
e. You are mixing apples and oranges. These two macroeconomic variables should not be compared.
.A
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As of 2010, the FDIC insured deposit accounts up to which of the following amounts?
A) $10,000. B) $25,000. C) $100,000. D) $250,000.
If a country is completely self-reliant in producing goods for its own consumption needs, then
A. It achieves a higher standard of living by exporting. B. It promotes specialization. C. It consumes more than it can with trade. D. Its consumption possibilities equal its production possibilities.
As we move down along a linear demand curve, the price elasticity of demand becomes more:
A. elastic. B. log-linear. C. variable. D. inelastic.
A formal statement of a theory is known as a(n)
A. model. B. empirical measure. C. causal statement. D. positive statement.