In the aggregate expenditures model, if aggregate expenditures (AE) are greater than GDP, then:
a. inventory is unchanged.
b. inventory is accumulated.
c. employment decreases.
d. GDP increases.
d
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Any output combination along a production possibilities frontier is associated with fully utilized resources
Indicate whether the statement is true or false
Immigration significantly contributed to economic growth in the U.S. throughout the entire period between Independence and the Civil War
Indicate whether the statement is true or false
Many countries in Latin America experienced raging _________________ during the years of the 1980s and early 1990s with inflation rates often well above 100% per year.
a. deflation b. hyperinflation c. growth d. stagnation
The U.S. military aircraft industry sought protection from foreign competition by using the __________ argument to persuade Congress to impose trade restrictions
a. infant industries b. diversity of industries c. retaliation d. antidumping e. national security