Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion?
A) real GDP = $5.0 trillion and aggregate planned expenditures = $5.0 trillion
B) real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion
C) real GDP = $8.0 trillion and aggregate planned expenditures = $5.0 trillion
D) real GDP = $5.0 trillion and aggregate planned expenditures = $7.0 trillion
E) More information is needed about planned investment and actual investment.
B
You might also like to view...
Why do purely technological theories have difficulty explaining recessions in which real GDP falls?
What will be an ideal response?
Which of the following is a prerequisite for sustainable economic growth?
A) Private foreign investment B) A literate populace C) Aid provided by international agencies D) An easy monetary policy E) An abundance of natural resources
Representative democracy works best _____
a. to allocate resources when constitutional rules limit the scope of collective action b. to equalize income when constitutional rules mandate a simple majority rule for all collective decision-making c. with a strong executive branch d. external costs of collective decision-making are extremely high
Paul, an out-of-work coal miner in the Appalachian Mountains, has recently quit looking for work after having tried for two years. Since he was already included as an unemployed worker, Bureau of Labor Statistics (BLS) unemployment statistics will be unaffected by his decision
Indicate whether the statement is true or false