Money spent on the purchase of a newly constructed house is included in GDP as a part of ________.
A. household expenditures on durable goods
B. personal saving
C. gross domestic private investment
D. personal consumption expenditures
Answer: C
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The stabilization policies of government are most likely to promote
A) high employment. B) price stability. C) reduced aggregate fluctuations. D) the interests of those who plan and execute them. E) the interests of the majority of voters.
Many biologic drug manufacturers are pushing for patent protection to be extended to 12 years before generics are allowed to be introduced to the market. This reflects which of the following barriers to entry?
A) network externalities B) entry blocked by government action C) economies of scale creating a natural monopoly D) control of a key resource
The natural rate of unemployment can change over time as technological, demographic, institutional, and other conditions vary
a. True b. False Indicate whether the statement is true or false
Which of the following is a danger of inflation?
a. Price changes can affect the people who sign long-term contracts. b. Rapid price changes reduce uncertainty. c. Anticipated inflation may be greater than unanticipated inflation. d. High rates of inflation will reduce interest rates.