The Keynesian equilibrium is defined to be when:
A. planned inventories equal to actual inventories, which leads to national income equal to planned aggregate expenditure.
B. planned investment is equal to domestic consumption.
C. planned inventories equal to actual inventories, which leads to national net income equal to planned aggregate expenditure.
D. planned spending is equal to expected spending from households.
A. planned inventories equal to actual inventories, which leads to national income equal to planned aggregate expenditure.
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When industrial activity increases,
A) GDP decreases because of pollution. B) pollution does not necessarily increase. C) health and life expectancy decrease. D) and real GDP increases, it is the case that in all nations fewer resources are devoted to protecting the environment. E) the increase in real GDP is partially offset by the increase in pollution.
During the Federal Bank Holiday ordered by President Roosevelt
a. new supplies of gold were distributed to the banks. b. a national monetary commission was set up. c. the banks were inspected. d. the leadership of the Federal Reserve System was replaced.
Why does the government grant patents universally rather than just to those products that would not be developed without a patent?
What will be an ideal response?
If the Federal Reserve conducts an open-market purchase, then the SML will:
A. Shift up B. Shift down C. Rotate and become steeper D. Rotate and become flatter