If discrimination ceased altogether, minority workers would still be handicapped by past labor market discrimination
Indicate whether the statement is true or false
T
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When aggregate planned expenditure exceeds real GDP, there is
A) a planned increase in inventories. B) a planned decrease in inventories. C) an unplanned decrease in inventories. D) an unplanned increase in inventories. E) an unplanned decrease in the price level.
If the Fed lowers the interest rate, then
A) only consumption expenditure decreases. B) only investment decreases. C) both consumption expenditure and investment decrease. D) net exports will increase. E) consumption expenditure decreases and investment increases.
When business is profitable, corporate managers will prefer plowback rather than other sources of funding.
Answer the following statement true (T) or false (F)
The absolute price elasticity of demand for a vertical demand curve
A) is infinite. B) is 1.0. C) is 0. D) depends on where one is on the demand curve.