If AE < Y, which of the following will NOT occur?
A) inventories will decline
B) actual investment will be more than planned investment
C) employment will decline
D) GDP will decline
A
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Discrimination ________ the group being discriminated against and ________ the group being favored
A) decreases the demand for; increases the demand for B) increases the demand for; decreases the demand for C) decreases the supply of; increases the supply of D) increases the supply of; decreases the supply of
Keynes hypothesized that the precautionary component of money demand was primarily determined by the level of
A) interest rates. B) velocity. C) income. D) stock market prices.
Vertical relationships can increase profits through
a. preventing firms from evading regulation b. creating a double-markup problem c. making the incentives of manufacturers and retailers unaligned d. facilitating price discrimination
The largest labor union in the United States represents approximately
A. 5 percent of the labor force. B. 1 percent of the labor force. C. 10 percent of the labor force. D. 15 percent of the labor force.