Assuming that C + I + G > C + Ir + G, then
a. aggregate demand exceeds than output.
b. unplanned inventories are negative.
c. there is an unintended inventory accumulation.
d. Both a and c
e. None of the above
D
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The upward slope of the supply curve reflects the
A. principle of specialization in production. B. fact that price and quantity supplied are inversely related. C. law of increasing substitution. D. principle of diminishing marginal productivity
Which of the following is TRUE about species in the world?
A) Most extinct species became extinct within the past 30 years. B) The majority of extinct species became extinct before humans appeared. C) Extinct species became extinct only after human appeared. D) No species has ever become extinct.
When actual GDP does not rise as fast as potential GDP, the economy most likely will experience
a. inflation. b. recession. c. economic growth. d. falling unemployment.
What are open market operations?
What will be an ideal response?