Which of the following is a similarity between a first-price sealed-bid auction and a Dutch auction?
A) Bids are placed privately in both the auctions.
B) Bids are placed publicly in both the auctions.
C) Bidders place their bids simultaneously in both the auctions.
D) The winner pays an amount equal to his bid in both the auctions.
D
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According to the Ricardo-Barro effect, an increase in the government budget deficit
A) lowers the real interest rate. B) has no effect on the nominal interest rate but does change the real interest rate. C) shifts the demand for loanable funds curve leftward. D) shifts the supply of loanable funds curve leftward. E) does not change the real interest rate.
Net exports is defined as
A. exports plus imports. B. exports minus imports. C. imports minus exports. D. that portion of consumption and investment goods sent to other countries.
Inventory depletion is a warning sign of
A. A drop in AS. B. Deflation. C. A drop in AD. D. Inflation.
Consumption spending is $5 million, planned investment spending is $8 million, actual investment spending is $8 million, government purchases are $10 million, and net export spending is $2 million
Based on this information, which of the following is true? A) Aggregate expenditure is greater than GDP. B) Aggregate expenditure is equal to GDP. C) There was an unplanned change in inventories. D) Aggregate expenditure is less than GDP.