In an open economy, the quantity supplied of TVs in the domestic market will be ________.
A. 120,000
B. 90,000
C. 30,000
D. 60,000
Answer: C
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Which of the following illustrates the data lag?
A) The economy turns down on January 8, 2006, but policymakers do not figure this out until April 19, 2006. B) Policymakers wait and see what is really going on with the economy. C) Policymakers implement policy X on September 12, 2006, but the effects are not felt until six months later. D) The data lag is illustrated equally well by a, b, and c.
When two individuals agree to a voluntary exchange, Select one:
a. Both receive more than what they give up. b. They place an equal value on what they receive and what they give up. c. If one of them gains, the other must lose. d. Neither of them gains unless the trade expan
If output equals 50,000 and full employment real GDP equals 45,000, then this economy has a(n)
A. demand gap. B. employment gap. C. recessionary gap. D. inflationary gap.
All of the following are included in gross private domestic investment expenditure EXCEPT a
A) business's purchase of a fleet of cars. B) household's purchase of a new house. C) business's purchase of another company's stock. D) a retail store's purchase of shoes to add to its inventory.