If planned aggregate expenditures are $400 billion, consumption is $120 billion, investment is $60 billion, government spending is $70 billion, there is a
A. trade balance.
B. trade surplus of $250 billion.
C. trade deficit of $650 billion.
D. trade surplus of $150 billion.
Answer: D
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When a supplier imposes resale price maintenance on its dealers, social gain will increase as long as
a. the supplier chooses to charge a competitive price for its product. b. the value consumers receive from dealer services outweighs their cost. c. dealers are allowed to charge consumers less than the supplier's recommended retail price. d. dealers are able to enter and exit the industry costlessly.
The arithmetic value of (1 - MPC) equals
A) MPS. B) APS. C) APC. D) NDP.
A decrease in money demand will shift the
A) IS curve to the left. B) IS curve to the right. C) LM curve to the left. D) LM curve to the right.
If there are no unintended changes in inventories, the economy is at its equilibrium level of real gross domestic product (GDP) demanded
a. True b. False Indicate whether the statement is true or false