If there are no unintended changes in inventories, the economy is at its equilibrium level of real gross domestic product (GDP) demanded
a. True
b. False
Indicate whether the statement is true or false
True
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When the supply of a good decreases, there will be a(n):
A. increase in the quantity demanded. B. decrease in buyers' reservation prices for the good. C. decrease in the quantity demanded. D. decrease in demand.
The market value of a particular bond at any given point in time is called the bond's:
A. principal B. coupon rate. C. term. D. price
An employee who is fired from his or her job because he or she lacks the skills required to accomplish the task, is part of ________ unemployment
A) frictional B) cyclical C) unskilled D) structural E) withdrawal
Consider the market for credit. When the demand for credit decreases while the supply of credit remains unchanged,
A) the interest rate will decrease and the amount of credit provided in the market will increase. B) the interest rate will increase and the amount of credit provided in the market will increase. C) the interest rate will decrease and the amount of credit provided in the market will decrease. D) the interest rate will increase and the amount of credit provided in the market will decrease.