Intended investment is
a. always equal to saving
b. what producers hope will equal saving
c. the investment producers actually make
d. the investment producers had planned to make but may have ended up not making
e. what producers hope ends up as inventory
D
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If the Fed targets the interest rate, then: a. the money supply will grow at a more controlled rate
b. monetary policy will reinforce fluctuations in economic activity. c. the price level will be more stable in the long run. d. money demand will be more stable. e. velocity will be less stable.
Assume that a firm's marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output. At this output level, a profit-maximizing firm's total cost is $1,000 . If the price of the product is $10 per unit, the firm will earn an economic profit of:
a. zero. b. $400. c. more than zero but less than $100. d. $100. e. more than $100.
Which of the following best describes what W 2 represents in the context of a skill- biased technical change?
a. the new union wage
b. the new equilibrium wage
c. the new efficiency wage
d. the new minimum wage
If the United States imposed a 25 percent tariff on imports of minivans, the effect would be to
A. raise the price and reduce the quantity of imports. B. raise the price and the quantity of imports. C. lower the price and the quantity of imports. D. raise the quantity and reduce the price of imports.