If depreciation equals zero and retained earnings equal $25 billion, then
A. GNP equals net national product.
B. net national product is less than GNP by $25 billion.
C. GNP is less than net national product by $25 billion.
D. GNP is greater than GDP by $25 billion.
Answer: A
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Antitrust activities by the government:
A. can cause inefficiencies. B. sometimes increase the efficiency of a market. C. are accused of being politically motivated. D. All of these statements are true.
According to the Keynesian IS-LM model, what is the effect of each of the following on output, the real interest rate, employment, and the price level? Distinguish between the short run and the long run.(a)Expected inflation rises.(b)Wealth increases.(c)Labor supply decreases due to a change in demographics.(d)The future marginal product of capital decreases.
What will be an ideal response?
Capital goods are counted the same as consumer goods in the national product accounts
a. True b. False Indicate whether the statement is true or false
As the number of firms in an oligopoly becomes very large, the price effect disappears
a. True b. False Indicate whether the statement is true or false