In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain negative and firms will continue to ________ production
A) below; lower
B) above; lower
C) below; raise
D) above; raise
C
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How many cars will this country import in an open economy situation?
A. 40,000 B. 60,000 C. 80,000 D. 20,000
A perfectly competitive market arises when
A) the market demand is small relative to the output of a firm. B) there are many buyers but few sellers. C) the market demand is very large relative to the output of one seller. D) a firm has control over a unique resource. E) each of the many firms produces a slightly different product.
If Gladys sells her 1998 Jeep Cherokee for $3,500 in 2016, the sale of her car contributes $3,500 to 2016 GDP
Indicate whether the statement is true or false
Which of the following is used to test whether a time series follows a unit root process?
A. Wald test B. White test C. Augmented Dickey-Fuller test D. Johansen test