A decrease in unplanned inventory investment for the entire economy equals the excess of
A) output over aggregate supply.
B) output over aggregate demand.
C) aggregate supply over output.
D) aggregate demand over output.
D
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The productivity speed-up in the United States could be explained by
a. improvements in labor force quality. b. falling energy prices. c. rising rates of domestic saving. d. advances in information technology.
In computing GDP, market prices are used in the calculations because a. market prices are constant over time
b. market prices do not reflect how prices change over time. c. market prices are consistently free of inflation. d. market prices can be used to combine the variety of goods and services produced in an economy into a single measure.
Five large unions withdrew from the AFL-CIO in 2005, taking with them ____% of the federation's members.
Fill in the blank(s) with the appropriate word(s).
When demand decreases and the demand curve shifts to the left, equilibrium price ________ and equilibrium quantity ________.
A. increases; increases B. increases; decreases C. decreases; increases D. decreases; decreases