Planned investment plus unintended increases in inventories equals:
A. actual investment.
B. consumption.
C. consumption minus saving.
D. unintended saving.
A. actual investment.
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The change in wealth during a period equals:
A. public saving + private saving - transfers. B. saving - investment + capital gains - capital losses. C. saving - capital gains + capital losses. D. saving + capital gains - capital losses.
Printing of paper money by the Confederate government led to
a. an immediate hyperinflation that lasted for the entire period of the War. b. a short-term hyperinflation that lasted for only the first year of the War.c hyperinflation in the final months of the War.d sporadic episodes of hyperinflation that emerged throughout the War.
If an oligopolist cuts the prices of its products,
A. customers will switch to a rival firm. B. customers will remain unchanged in number. C. customers will switch from rival firms to buy from them. D. rival firms will not react.
If the prices used in two countries are exactly the same, then a comparison of the per capita GDPs of the two countries provides:
A. some insight into living standards depending on the accuracy of purchasing power parity. B. no insight into living standards. C. some insight into living standards depending on the extent of non-market activities in each country. D. an exact comparison of living standards.