Which of the following is not an example of an economic trade-off that a firm has to face?
A) whether it is cheaper to produce with more machines or with more workers
B) whether it should produce more of its product
C) whether or not consumers will buy its products
D) whether it is to outsource the production of a good or service
C
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Assume that inventories declined by more than analysts predicted. This implies that
A) planned aggregate expenditure was less than real GDP. B) planned aggregate expenditure is unrelated to real GDP. C) planned aggregate expenditure was greater than real GDP. D) planned aggregate expenditure was equal to real GDP.
Malaysia differed from other East Asian countries after the crisis in its adoption of
a. government-owned banks b. investment insurance c. prison sentences for currency traders d. restrictions on capital movements e. all of the above
What is the difference between monetary policy and fiscal policy?
In the long run, if the Fed decreases the growth rate of the money supply,
a. inflation will be lower. b. unemployment will be higher. c. real GDP will be lower. d. All of the above are correct.