The change in the contribution of capital formation was the chief cause of the productivity slowdown in 1973-1995
a. True
b. False
Indicate whether the statement is true or false
False
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If an economy is producing a level of output which is lower than the equilibrium level, planned expenditures ________ total output and ________ goods and services are being produced than are being demanded
A) exceed; fewer B) are less than; more C) are less than; fewer D) exceed; more
Total revenue for a seller represents the amount that:
a. sellers receive for a good or service which is computed as P ÷ Q. b. sellers receive for a good or service which is computed as P Q. c. one buyer spends on a good or service which is computed as P Q. d. one buyer spends on a good or service which is computed as P ÷ Q.
If a bank keeps some of its excess reserves, the money multiplier:
A. increases. B. stays the same. C. goes to zero. D. decreases.
Which of the following equals demand in a closed economy?
A) C + I + G + X B) C + I + G + X - IM C) C + I + G + IM - X D) none of the above