At equilibrium income:
a. planned and actual expenditure are equal.
b. GDP will remained unchanged until an exogenous shock occurs.
c. unplanned inventories are equal to zero.
d. all of the above.
D
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In the figure above, which of the following transactions take place in the factor markets?
i. Michael, a student, orders a computer from Dell online. ii. Peter gets a job at a Wal-Mart store. iii. Apple Computer opens a new store in Georgia A) ii and iii B) only i C) only ii D) only iii E) i and ii
If the Fed raises the interest rate, in the foreign exchange market the demand for the U.S. dollar increases
Indicate whether the statement is true or false
Without scarcity, people would not have to
a. share b. collaborate c. disagree d. choose e. settle
Required reserves:
A. Are equal to the required reserve ratio times total reserves. B. Are the minimum amount of reserves a bank is required to hold. C. Represent the dollars a bank can lend. D. Must be held in a bank's vault.