If in a year there is a negative inventory investment, then final sales
A. are zero.
B. equal GDP.
C. are less than GDP.
D. exceed GDP.
Answer: D
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An economy has the income shares information in the table above. Which of the following is TRUE?
A) The information in the table represents the income distribution in the United States. B) Income in the U.S. economy is more equally distributed than that represented in the table. C) Income in the U.S. economy is less equally distributed than that represented in the table. D) The information in the table represents the wealth distribution in the United States.
An indirect flow of funds occurs when
A) funds flow from saver-lenders to borrower-spenders through financial intermediaries. B) funds flow from saver-lenders to borrower-spenders through financial markets. C) funds flow to saver-lenders from borrower-spenders through financial intermediaries. D) funds flow to saver-lenders from borrower-spenders through financial markets.
When Macroland's central banking authority reduces the legal reserve requirement by one half, the potential demand deposits will double
Indicate whether the statement is true or false
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 ? Q. The demand elasticity of a widget at the monopoly price and quantity is:
A. ?2. B. 2. C. ?2.5. D. ?1.5.