The equilibrium level of GDP can be determined by finding the output level at which the unplanned change in inventories is
a. greater than aggregate expenditures
b. less than aggregate expenditures
c. zero
d. equal to government expenditures
e. equal to consumer spending
C
Economics
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Marginal utility can be
A) positive. B) negative. C) zero. D) positive, negative, or zero.
Economics
Refer to Scenario 1. Is the slope coefficient statistically different from zero?
A) No. B) Yes. C) Inconclusive. D) None of the above.
Economics
A nonbinding price floor i. causes a surplus. ii. causes a shortage. iii. is set at a price above the equilibrium price. iv. is set at a price below the equilibrium price
a. (iii) only b. (iv) only c. (i) and (iii) only d. (ii) and (iv) only
Economics
For the economy as a whole, about what percentage of total firm revenue is spent on advertising?
Economics