Suppose you read in the French daily Le Monde that saving in France in 2003 was less than the intended investment French businesses had hoped to make. You would conclude that in 2003, the French economy was
a. in equilibrium, and no change occurred in its national income
b. not in equilibrium, and its national income fell
c. in equilibrium, and its national income fell
d. not in equilibrium, and its national income rose
e. in equilibrium, and its national income rose
D
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The ____________ is the quantity where quantity demanded and quantity supplied are equal at a certain price.
A. quantity demanded B. equilibrium quantity C. demand schedule D. supply schedu
Productivity:
a. increased slightly from 1970 to 1980. b. rose rapidly after World War II. c. is a fundamental determinant of real wages. d. All of the above are correct. e. Only b and c are correct.
Which of the following examples is most likely the result of an expansionary monetary policy?
a. Robert decides now is not the right time to buy a motorcycle. b. Monica places most of her money in a savings account. c. Charles takes out a loan to purchase a new motorboat. d. Susan sells her second car to get more ready cash.
Recall the Application about advertising in the milk industry to answer the following question(s).Recall the Application. The industry ended the "Got Milk?" campaign in 2014 and switched to "Milk Life," which focuses on the ________ of milk.
A. price B. protein content C. calcium content D. None of these