At the equilibrium level of real gross domestic product (GDP), unplanned inventory adjustment equals _____
a. planned investment
b. saving
c. zero
d. actual investment
e. consumption
c
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From 1981 to 2011, the unemployment rate in the United States
A) was always lower than the unemployment rate in Japan. B) almost always equaled the unemployment rate in Canada. C) generally rose while the unemployment rate in the Eurozone fell. D) was generally lower than the unemployment rate in the Eurozone. E) was usually higher than the unemployment rate in Canada.
Refer to the figure above. In equilibrium, ________
A) Firm 1 will follow Strategy Y, and Firm 2 will follow Strategy X B) Firm 1 will follow Strategy X, and Firm 2 will follow Strategy Y C) both firms will follow Strategy X D) both firms will follow Strategy Y
Even though government-operated firms do not have to make a profit, they usually operate efficiently
Indicate whether the statement is true or false
The situation of oligopoly suggests
A) many firms compete in an industry. B) mergers have not occurred. C) interdependence among firms. D) no barriers to entry exist.