If inventories decline by more than analysts predict they will decline, this implies that
What will be an ideal response?
actual investment spending was less than planned investment spending
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The U.S. employment-to-population ratio peaked in 2000 and in 2012 fell to 58 percent, a level not seen since the early 1980s. This fall in the employment-to-population ratio ________ the equilibrium quantity of labor and ________ potential GDP
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Installment-plan buying permits consumers to use the income generated from their private assets to pay for goods and services
Indicate whether the statement is true or false
Characteristics of a perfectly competitive market include:
A. the presence of transaction costs. B. homogenous products. C. few sellers, each with a large market share. D. All of these are characteristics of a perfectly competitive market.
If the purchasing power of the dollar is always the same at home and abroad, then the nominal exchange rate defined as units of foreign currency per dollar decreases if the U.S. price level rises more than the price level in foreign countries
a. True b. False Indicate whether the statement is true or false