The components of aggregate expenditure that are not influenced by GDP are known as
A) fixed expenditure.
B) induced expenditure.
C) planned expenditure.
D) unplanned expenditure.
E) autonomous expenditure.
E
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If a monopolist is producing a level of output where MR is less than MC, then it should
A. Increase its output. B. Lower its price. C. Lower its output. D. Shift its marginal cost curve upward.
Cyclical unemployment is characterized as:
What will be an ideal response?
Imagine a central banker who takes office believing that, ultimately, the best way to stimulate an economy is to keep people guessing. This means the policy maker will often, but not always, announce one change but then actually do something else. What do you think of the central bank's chances for achieving its objectives and why?
What will be an ideal response?
Producer surplus is the sum of the profits earned by all firms in a market
Indicate whether the statement is true or false