A recessionary gap is the amount by which aggregate expenditures ____ the amount required to achieve full-employment equilibrium GDP
a. exceed
b. equal
c. fall short of
d. are greater than
c
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Should the level of pollution be reduced to zero, and if not, then to what level?
What will be an ideal response?
U.S. investment is financed from
A) private saving, government budget surpluses, and borrowing from the rest of the world. B) private saving, government budget deficits, and borrowing from the rest of the world. C) private borrowing, government budget deficits, and lending to the rest of the world. D) private saving and borrowing from the rest of the world only.
The dual mandate of the Federal Reserve System is to maintain ________
A) exchange rate and price stability B) price stability and maximum sustainable employment C) maximum sustainable employment and GDP growth D) GDP growth and exchange rate stability
Low cost strategies are usually found in industries where
a. Products are not particularly differentiated b. Price competition tends to be fierce c. Both a and b d. None of the above