The Malthusian model emphasizes fixity in which of the following factors of production?
A) labor
B) land
C) energy
D) none of the above
B
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On ________, October 19, 1987, the stock market experienced its worst one-day drop in its entire history with the DJIA falling by 22%
A) "Terrible Tuesday" B) "Woeful Wednesday" C) "Freaky Friday" D) "Black Monday"
Other things constant, a decrease in aggregate demand will
a. lead to a decrease in the demand for resources. b. cause an increase in the general level of prices. c. result in higher nominal wage rates. d. reduce the rate of unemployment.
All of the following are true when there is an unplanned decrease in inventories, except:
A. GDP is less than aggregate expenditures B. Saving is less than planned investment C. Actual investment is greater than planned investment D. Real GDP will be rising
Which of the following is included in the economist's definition of investment?
A. the purchase of new machines, factories, or houses B. the purchase of a rare coin or a deposit in a savings account C. the purchase of a share of stock D. All of the above