A positive economic statement is
a. something good or desirable
b. a call for improvement
c. a statement of opinion
d. a statement of fact
e. a suggestion for policy
D
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Consumption is $5 million, planned investment spending is $8 million, government purchases are $10 million, and net exports are equal to $2 million. If GDP during that same time period is equal to $27 million, what unplanned changes in inventories occurred?
a. There was an unplanned increase in inventories equal to $2 million. b. There was no unplanned change in inventories. c. There was an unplanned decrease in inventories equal to $2 million. d. There was an unplanned decrease in inventories equal to $19 million.
Suppose the market clearing rate for apartments in Yazoo City, Mississippi is $400 per month, but a rent control is set at $600 per month. Which of the following would tend to occur in the community?
A) A shortage of apartments B) An increase in the quantity demanded for apartments C) Both of the above. D) Neither of the above.
What happens to the monetary base if people, fearing a bank run, convert their checking deposits into currency holdings?
What will be an ideal response?
New growth theory emphasizes the contribution of technology to growth more than Classical growth theory.
Answer the following statement true (T) or false (F)