If firms' unplanned inventories are increasing, then in a closed, private economy
A. the level of real national income will rise.
B. actual consumption is greater than planned consumption.
C. the level of real national income will not change in the foreseeable future.
D. consumers are saving more than businesses anticipated.
Answer: D
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The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.Number ofCar WashesPer MonthTotal MonthlyBenefit fromCar Washes0$01$202$363$484$565$60How many times a month should you get your car washed?
A. 4 B. 3 C. 2 D. 1
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have
A) money = $2,300, annual income = $6,000, and wealth = $5,000. B) money = $300, annual income = $6,000, and wealth = $4,300. C) money = $300, annual income = $6,000, and wealth = $5,000. D) money = $200, annual income = $500, and wealth = $4,300.
During periods of recession unemployment:
A. is more common. B. is less common. C. is uncorrelated to periods of recession. D. rates are the same for all groups of the working population.
Which of the following would contribute to a United States current account surplus?
A. The United States makes a unilateral tariff reduction on imported goods. B. General Motors pays a dividend to a Swiss stockholder. C. The United States cuts back on American military personnel stationed in Germany. D. Russian vodka becomes increasingly popular in the United States.