At the equilibrium level of real gross domestic product (GDP), unplanned inventory adjustment equals _____
Fill in the blank(s) with the appropriate word(s).
zero
You might also like to view...
A depression is different from a recession in that
A. a recession has inflation and a depression does not. B. a depression is much worse. C. a depression has inflation and a recession does not. D. a recession is much worse.
Businesses in the United States cut their investment projects by $30 billion. If the MPC is 2, what will be the impact on the national income (Y)?
A. Y will fall by $15 billion. B. Y will fall by $30 billion. C. Y will fall by $60 billion. D. Y will fall by $120 billion.
A political function of government is to
A. encourage the workings of the price system. B. provide public goods. C. encourage the consumption of government-sponsored goods. D. correct for externalities.
If a consumer chooses a combination of goods that are inside of her budget line, than
A) the consumer is maximizing her satisfaction. B) the consumer is spending more than her current income. C) the consumer has a constant marginal rate of substitution for the two goods. D) the consumer is not maximizing her satisfaction.