The equilibrium level of income will rise when:
a. planned consumption spending is less than real GDP.
b. taxes exceed saving.
c. supply exceeds demand.
d. planned inventory investment is negative.
e. aggregate expenditures exceed real GDP.
e
Economics
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Depository institutions are the most important source of credit to
A) mutual funds. B) large businesses. C) small businesses. D) state governments.
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A Classical aggregate supply curve is
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Refer to the above table. If the price of the good produced is $5, the marginal revenue product of the 7th worker is
A) $125. B) $275. C) $5000. D) $55.
Economics