For all points below the 45-degree line, planned aggregate expenditure will be less than GDP
Indicate whether the statement is true or false
TRUE
Economics
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On an average, growth in per capita income is associated with a:
A) fall in inequality. B) fall in poverty. C) rise in poverty. D) rise in inequality.
Economics
Optimistic investors tend to ________ their investment spending
A) increase B) not change C) defer D) reduce
Economics
When the Fed increases the money supply, interest rates:
a. rise. b. fall. c. are unaffected. d. rise and then fall. e. fall and then rise.
Economics
Compared to perfect competition, a monopoly will produce ________ output, and charge a ________ price
A) more; higher B) more; lower C) less; higher D) less; lower
Economics