In the aggregate expenditures model, if aggregate expenditures (AE) are greater than GDP, then:
A. inventory is depleted.
B. inventory is accumulated.
C. inventory is unchanged.
D. employment decreases.
Answer: A
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The Celler-Kefauver Act was passed because the Clayton Act had not been effective against mergers
a. True b. False Indicate whether the statement is true or false
When the Fed conducts open market operations, the impact of the buying or selling of bonds will include changes in
A) SRAS. B) interest rates. C) LRAS. D) a and b E) a, b and c
When people trade goods for money, money is being used as a medium of exchange.
Answer the following statement true (T) or false (F)
A final good is one that
A) is used in the production of another good. B) is a natural resource used to produce a good. C) is purchased as an input in the production process. D) is purchased by its final user.