Which of the following does NOT occur when the economy is operating at the equilibrium level of GDP?
A. Inventory investment equals zero.
B. Planned investment equals actual investment.
C. Real GDP tends to rise over time.
D. Total planned expenditures equal real GDP.
Answer: C
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The M2 money supply
A) includes M1. B) is commonly referred to as the broad definition of the money supply. C) includes savings deposits. D) is larger than M1. E) all of the above
The larger the MPC, the greater the multiplier effect.
a. true b. false
Which of the following acts outlawed selling products at "unreasonably low prices" with the intent of reducing competition?
A. Robinson-Patman Act B. Wheeler-Lea Act C. Sherman Act D. FTC Act
Describe the size of government employment as a percentage of the labor force. What are three major types of government employment at the state and local levels and at the Federal level?
What will be an ideal response?