When a single person (or small group) has the ability to influence market prices, there is

In the aggregate expenditure (AE) model, when real GDP exceeds aggregate planned expenditure, actual inventories ________ planned inventories and real GDP ________

A) are less than; decreases B) exceed; increases C) exceed; does not change D) are less than; increases E) exceed; decreases

If the United States and other developed nations pay the cost of reducing carbon emissions from the atmosphere, developing nations such as India could benefit from the reduction while not contributing to it

In this sense, reducing carbon emissions is essentially a A) public good. B) private good. C) club good. D) transactions good.

Use the information below to explain adjustments that move the economy to a long-run equilibrium. Assume that firms and workers have adaptive expectations

The current unemployment rate = 7%. The natural rate of unemployment = 5.5%. Last year's inflation rate = 5%. This year's inflation rate = 4%.

In determining the number of persons who are poor in the U.S. when calculating family income

A. only earnings are counted. B. only earnings are counted, while cash transfers from the government are excluded. C. money income, including cash transfers received from the government, is counted. D. both earnings and the value of medical services, food stamps, and housing received are counted.