During 2015, a country reports aggregate planned expenditures of $5 trillion and an actual real GDP of $4 trillion. During 2015,
A) inventories are less than planned.
B) inventories are greater than planned.
C) actual aggregate expenditures are greater than real GDP.
D) actual aggregate expenditures are less than real GDP.
E) inventories are unaffected.
A
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As we move down a particular indifference curve, if the "marginal rate of substitution" between the two goods does not change we can conclude that the two goods are:
A) perfect substitutes. B) perfect complements. C) totally unrelated. D) both inferior goods.
Marietta buys a certain type of soap among many choices because she trusts the brand. The soap manufacturer is most likely ______.
a. part of monopolistic competition b. a monopoly c. part of perfect competition d. an oligopoly
Which of the following is NOT money
What will be an ideal response?
In the linear equation y = mx + b, an increase in b will:
A. shift the curve down. B. shift the curve up. C. cause the curve to become flatter. D. cause the curve to become steeper.