Unplanned inventories increase when
A) aggregate planned expenditure is less than GDP.
B) actual aggregate expenditure is greater than aggregate planned expenditure.
C) actual aggregate expenditure is equal to GDP.
D) actual aggregate expenditure is less than GDP.
E) real GDP is less than aggregate planned expenditure.
A
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If the objective of economic policy is to decrease the amount of pollution by an industry in the long run, the
A. most effective policy action would be a subsidy to firms for the reduction of emissions. B. most effective policy action would be a tax on polluting firms. C. appropriate course of action for government is to do nothing. D. appropriate course of action for government is to increase R&D outlays to develop technology to remove the emissions from the environment.
Repeated games are conducive to
A) explicit cooperation. B) tacit cooperation. C) corruption. D) failing to have a Nash equilibrium.
Greater emphasis on self-sufficiency and trading less with foreign countries would increase incomes and living standards in the United States
a. true b. false
From Table 2.1, which column is likely to be the one for quantity demanded? 
A. column A B. neither A nor B C. column B D. either A or B are equally likely