If consumption is $4000, exports are $300, government purchases are $1000, imports are $400, and investment is $800, then GDP is $5700
a. True
b. False
Indicate whether the statement is true or false
True
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A perfectly competitive firm will produce at an economic loss in the short run rather than discontinue production if there is a rate of output at which
a. marginal revenue equals marginal cost b. total revenue equals total cost c. total revenue exceeds total cost d. total revenue exceeds total fixed cost e. total revenue exceeds total variable cost
If there is a "long and variable time lag" between when a change in monetary policy is instituted and when it impacts aggregate demand and output, this will
What will be an ideal response?
Companies most likely use the foreign-exchange market to ________.
A) diversify their expenses from other sources B) convert money for use in financial transactions C) increase their presence on the black market D) acquire currency from emerging markets
Increases in worker productivity usually reflect policies that encourage
A. population growth. B. consumption. C. extensive government regulation of business. D. investment in physical and human capital.