When the price level rises, the real interest rate ________ and the quantity of real GDP demanded ________
A) rises; increases
B) rises; decreases
C) falls; increases
D) falls; decreases
E) does not change; does not change
B
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In the figure above, if real GDP is $20 trillion, aggregate planned expenditure is ________ $20 trillion and unplanned inventory changes are ________
A) equal to; equals to zero B) less than; negative C) equal to; negative D) less than; positive E) equal to; positive
Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had remained steady
a. True b. False Indicate whether the statement is true or false
? If the government removes a binding price floor from a market, then the price paid by buyers will
a. increase, and the quantity exchanged will increase.
b. increase, and the quantity exchanged will decrease.
c. decrease, and the quantity exchanged will increase.
d. decrease, and the quantity exchanged will decrease.
Which of the following will raise consumer expenditures?
A) an increase in interest rates B) an increase in the price level C) a general decline in housing prices D) an increase in expected future income