In the classical model, aggregate demand and aggregate supply will
A) not exist.
B) intersect at the point of full employment.
C) intersect at less than full employment.
D) not intersect.
B
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If the growth rate of real GDP rises from 3% to 4% per year, then the number of years required to double real GDP will decrease from
A) 11.2 years to 10.8 years. B) 23.3 years to 17.5 years. C) 28.0 years to 21.0 years. D) 23.3 years to 20.6 years. Table 21-1 Year Real GDP (billions of 2000 dollars) 2013 $8,700 2014 8,875 2015 9,000 2016 9,280
The Treasury runs the greatest risk of inflation when expenditures are financed by borrowing from
A) foreign nations. B) the Federal Reserve. C) the banking system. D) the non-bank public.
If the company plans to produce 5000 units of output, is using the competitor's technology a good idea?
a. Yes b. No c. It does not matter, at 5000 units you are indifferent between the two technologies d. None of the above
Recall the Application about consumer choice between Coke and Pepsi to answer the following question(s).Recall the Application. Which of the following statements was proven to be true?
A. If a subject knew the brand that was being tasted, there was increased activity in the prefrontal cortex. B. Brand association affected consumer preference. C. When subjects knew which brand they were drinking, the majority preferred Coke. D. All of these