When the total quantity of unsold new Tesla Model 3 vehicles increases from 40,000 to 45,000
A. the economy's level of consumption has increased.
B. there is a decrease in aggregate output.
C. the economy experiences an increase in inventory investment.
D. the economy experiences a decrease in investment.
Answer: C
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If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is $5, what is the rental rate for capital?
A) $0.5 B) $1 C) $2 D) $10
According to Keynes, in order to get the economy out of a recession, the government should: a. follow an expansionary fiscal policy
b. encourage firms to export to other nations. c. follow an contractionary fiscal policy. d. follow a contractionary monetary policy. e. not interfere in the market and let the market system heal itself.
The disruption caused by international trade is fundamentally different from all the other disruptions caused by the other workings of a market economy.
Select whether the statement is true or false. A. True B. False
_______________________: A group of theories which attempt to explain the voting behaviors of voters & politicians
Fill in the blank(s) with the appropriate word(s).