If planned spending exceeds planned output in an economy, the result is a(n) _____
a. increase in inventories
b. decrease in gross domestic product
c. decrease in imports
d. increase in government purchases
e. unintended decrease in inventories
e
You might also like to view...
Some claim that the long and agonizing periods of speculation preceding exchange rate realignments would
A) not occur under fixed exchange rate regime. B) not occur under floating. C) become more severe under currency board. D) become less severe under floating. E) be prolonged under floating.
The goal of expansionary fiscal policy is to:
A. increase the money supply. B. cool off the economy. C. reduce interest rates. D. stimulate the economy.
Given the data in the above table, what is the marginal revenue when the 15th unit is sold?
A. $5.00 B. $3.00 C. $1.00 D. $7.00
When there is a negative externality, the marginal private cost of production ________ the marginal social cost of production
A) is greater than B) is equal to C) eliminates D) is less than