One of the negative consequences of unemployment is a(n):
a. loss of human capital
b. loss of physical capital.
c. increase in aggregate demand.
d. increase in inflation.
a
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Assume that the graphs show a competitive market for the product stated in the question below.
Select the graph that best shows the change in the market following a reduction in the tax placed on the buyers in the market.
A. graph (1) B. graph (2) C. graph (3) D. graph (4)
In the income-expenditure model, firms stand ready to provide all the output that is demanded
Indicate whether the statement is true or false
If consumption was 70 percent of GDP and investment and government expenditure were both 18 percent each, then we see that
A) exports must be less than imports. B) exports must be more than imports. C) the error is due to rounding. D) we must subtract depreciation from investment so that the components of GDP do not exceed 100 percent. E) GDP can be over 100 percent because it is "gross" rather than "net."
How does the task of production planning happen in a laissez-faire economy?
What will be an ideal response?