Figure 9-1
?
In Figure 9-1, at $7,000 billion real GDP,
A. inventories are increasing.
B. spending falls short of output.
C. spending exceeds output.
D. inventories are falling.
Answer: B
You might also like to view...
Changes in the expected rate of inflation will:
A. cause the SRAS curve to become vertical. B. not shift but create a movement along the SRAS curve. C. shift the SRAS curve downward or upward. D. cause the SRAS curve to become upward-sloping.
If an industry introduces a labor-saving technology in production, the demand curve for labor in that industry is likely to:
A) shift to the left. B) shift to the right. C) become vertical. D) become horizontal.
Adverse selection can arise in employment situations if information about worker quality is:
a. better for employees than employers. b. better for employers than employees. c. perfect. d. available at a low enough cost.
Union membership has continued to grow faster than the labor force in the United States since World War II
a. True b. False