Last quarter Newton computers produced 3,000 computers. Two thousand of these computers were sold to households, 750 were sold to businesses, and 250 were added to Newton's inventory. How many of the computers should have been included in last quarter's GDP?
3,000
Economics
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In the late 1920s, the U.S. economy experienced a decrease in investment, which perhaps triggered the Great Depression. The decrease in investment
A) increased aggregate supply. B) decreased aggregate supply. C) increased aggregate demand. D) decreased aggregate demand. E) increased potential GDP.
Economics
If demand is elastic, an increase in price will decrease total revenue
a. True b. False Indicate whether the statement is true or false
Economics
Suppose that when the price of milo falls by 10 percent, the quantity of bournvita demanded decreases by 5 percent.
Economics
Output and inflation movements can arise from either demand or supply shifts. How can we tell them apart?
What will be an ideal response?
Economics