When planned aggregate expenditure is larger than real GDP, actual inventories ________ planned inventories and real GDP ________
A) are more than; decreases
B) are more than; increases
C) are less than; increases
D) are not related to; increases
E) are less than; decreases
C
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When investors use borrowed funds to pay for investments, it's called:
A. leveraging. B. tulip mania. C. hedging. D. herding.
A monopolist can choose a price & quantity combination that is above the demand schedule
a. True. b. False.
Comparing a pure monopoly and a purely competitive firm with identical costs, we would find in long-run equilibrium that the pure monopolist's:
A. price, output, and average total cost would all be higher.
B. price and average total cost would be higher, but output would be lower.
C. price, output, and average total cost would all be lower.
D. price and output would be lower, but average total cost would be higher.
The invention of the Internet should make poorer countries
A. poorer due to the expense of new technology. B. poorer because the Internet is primarily in richer countries. C. richer because technology adoption is easier. D. richer because they can distribute information without costs.