The most recent economic expansion started in
a. 2005
b. 2003
c. 2005
d. 2007
e. 1998
D
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Which of the following describes the relationship between the change in inventories and aggregate expenditure?
a. Aggregate expenditure equals the change in inventories minus GDP. b. The change in inventories equals GDP divided by aggregate expenditures. c. Aggregate expenditures equals GDP divided by the change in inventories. d. Aggregate expenditures equals GDP minus the change in inventories. e. The change in inventories equals GDP multiplied by aggregate expenditure.
Which of the following will discourage investment
What will be an ideal response?
Unexpected lower interest rates redistribute income from
A. Borrowers to lenders. B. Businesses to banks. C. Lenders to borrowers. D. Spenders to savers.
A leftward shift of a product supply curve might be caused by
A. an improvement in the relevant technique of production. B. some firms leaving the industry. C. a decline in the prices of needed inputs. D. an increase in consumer incomes.