If unplanned inventory investment is zero
A. aggregate output equals planned aggregate expenditures.
B. aggregate output is positive when planned aggregate expenditures are positive.
C. aggregate output is greater than planned aggregate expenditures.
D. aggregate output is less than planned aggregate expenditures.
Answer: A
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Oligopolies have few sellers and difficult entry
a. True b. False Indicate whether the statement is true or false
It is impossible to have economic growth unless a country or a region has abundant natural resources to sustain the growth
a. True b. False Indicate whether the statement is true or false
The aggregate supply curve will shift to the left if
a. energy prices fall. b. technology and productivity increase in the economy. c. the capital stock of the economy increases. d. the money wage rate increases.
Which of the following is true?
a. Anticipated inflation is an increase in the price level that comes as a surprise, at least to most individuals. b. Unanticipated inflation is a change in the price level that is widely expected. c. Decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy. d. Inflation will increase the prices of goods and services that households purchase but not the wage rates of workers.