D. a higher price level will decrease the real value of many financial assets and therefore reduce spending
A. increase the amount of U.S. real output purchased.
B. increase U.S. imports and decrease U.S. exports.
C. increase both U.S. imports and U.S. exports.
D. decrease both U.S. imports and U.S. exports.
B. increase U.S. imports and decrease U.S. exports.
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If 20 smoothies are sold at a market price of $5.50 each, then
a. there must not be an excess supply of smoothies b. selling the 21st smoothie would be a Pareto improvement c. the market must be perfectly competitive d. the value to some individual of the 20th smoothie is $5.50 e. there must be an excess demand for smoothies
Cost efficiency is achieved when the MPP of a worker relative to the worker's wage is the same for all workers.
Answer the following statement true (T) or false (F)
The financing of investment spending is often made possible by
A. consumer spending. B. money supply creation. C. borrowing. D. tax reductions.
Full employment GDP is the level of spending ____________.
Fill in the blank(s) with the appropriate word(s).