If real GDP is $20 trillion, consumption is $14 trillion, planned investment is $4 trillion, government purchases are $4 trillion, net exports are -$1 trillion, then the unintended inventory adjustment is:
a. -$2 trillion.
b. -$1 trillion.
c. $1 trillion.
d. $2 trillion.
b
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The demand for government regulation of sellers most often originates with
A) consumers. B) economists. C) politicians. D) sellers.
An American insurance company hires a call center in India to handle customer service calls in order to cut costs. Other things equal, this will ________ of the United States
A) decrease the financial account balance B) decrease net exports C) decrease the capital account balance D) increase the current account balance
If Angelo's Pizza Restaurant has a constant marginal cost of $75 for each additional table in the restaurant and a constant marginal cost of $5 for operating each additional table, what is Angelo's long-run marginal cost per table?
A) $70 B) $5 C) $80 D) $75
The assumption that the velocity of money and the quantity being produced is constant is held by the:
a. Keynesian school. b. supply-side school. c. neo-Keynesian school. d. rational expectations school. e. classical school.