Not a component of aggregate expenditure?
What will be an ideal response?
actual investment spending
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If the quantity demanded for a product exceeds the quantity supplied, the market price will rise until
A) the quantity demanded equals the quantity supplied. The product will then no longer be scarce. B) quantity demanded equals quantity supplied. The market price will then equal the equilibrium price. C) only wealthy consumers will be able to afford the product. D) quantity demanded equals quantity supplied. The equilibrium price will then be greater than the market price.
Since 1970, the United States has experienced ________ recessionary periods and ________ inflationary periods.
A. 2; 4 B. 3; 0 C. 8; 1 D. 5; 2
As the number of advertisements of a firm increases from 100 to 500, its sales increases from $1,000 to $10,000. If this information is plotted on a line chart, the slope of the line equals:
A) $22.5. B) $0.044. C) $30.33. D) $20.
To be binding, a price floor must be set below the equilibrium price
a. True b. False Indicate whether the statement is true or false