If aggregate expenditure is greater than GDP, how will the economy reach macroeconomic equilibrium?
A) Inventories will rise, and GDP and employment will rise.
B) Inventories will decline, and GDP and employment will rise.
C) Inventories will rise, and GDP and employment will decline.
D) Inventories will decline, and GDP and employment will decline.
B
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If the population of a country increases, while GDP remaining constant, then ________
A) income per capita will remain unchanged B) trade deficit will decrease C) gross national product will increase D) income per capita will decrease
A situation in which a single individual can provide a public good is known as
A) a monopoly. B) the volunteer's dilemma. C) eminent domain. D) diffusion of responsibility.
Hometown, USA, has a labor force of 78,567 persons and employment of 74,382 . The unemployment rate for the city is: a. 5.3 percent
b. 5.6 percent. c. 6.0 percent. d. none of the above.
If the interest rate is 8 percent, then what is the present value of $5,000 to be received in ten years?