In the Keynesian model, if aggregate expenditures exceed aggregate output and inventories of firms fall, then the aggregate output and the business sector could be expected to:
a. increase output.
b. decrease output.
c. decrease investment.
d. hire fewer workers.
a
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Refer to Table 14-2. For each firm, is there a better outcome than the current situation in which each firm charges the low price and earns a profit of $7,000?
A) Yes, the firms can implicitly collude and agree to charge a higher price. B) Yes, each firm can implicitly agree to increase output and not to deviate from a low price. C) No, there is no incentive for each firm to consider any other strategy. D) No, any other strategy hurts consumers.
If you have $100 in an account that offers "2x" margin, you can effectively buy:
A. $200 worth of stocks. B. $1,000 worth of stocks. C. $100 worth of stocks. D. $2,000 worth of stocks.
By 2016, the unemployment rate in the US had fallen from a peak of 10% in 2009 to:
A. under 5%. B. 7.8%. C. 6.2%. D. under 3%.
Data for an economy shows that the unemployment rate is 10 percent, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are employed in this economy?
A. 800 billion B. 720 million C. 180 million D. 18 million