External link to Question : 14.4   The AD Curve and Equilibrium Expenditure 1) When the price : 1240571

Question : 14.4   The AD Curve and Equilibrium Expenditure 1) When the price : 1240571

  14.4   The AD Curve and Equilibrium Expenditure   1) When the price level ________, equilibrium expenditure ________ and the quantity of real GDP demanded ________. A) falls; increases; increases B) rises; increases; decreases C) falls; increases; decreases D) rises; decreases; increases E) rises; increases; increases   2) The level of equilibrium expenditure at each price level determines A) the points on the AD curve. […]

External link to Question : 31) Which of the following increases the supply of a : 1228173

Question : 31) Which of the following increases the supply of a : 1228173

    31) Which of the following increases the supply of a good and shifts its supply curve rightward? A) a smaller number of producers B) a higher wage paid to workers in the industry C) a technological advance in how the good is produced D) an increase in the cost of the resources used to produce the good E) an increase in the price […]

External link to Question : 21.Which of the following ratios would be of primary importance : 1241841

Question : 21.Which of the following ratios would be of primary importance : 1241841

    21.Which of the following ratios would be of primary importance to a creditor in deciding to extend long-term credit? a. Current ratio b. Debt/equity ratio c. Inventory turnover d. Earnings per share       22.Which of the following ratios would be of primary importance to a manager in evaluating the success of a computerized collection process? a. Accounts receivable turnover b. Account […]

External link to Question : 21) Equilibrium expenditure occurs when A) aggregate planned expenditure equals real : 1240558

Question : 21) Equilibrium expenditure occurs when A) aggregate planned expenditure equals real : 1240558

  21) Equilibrium expenditure occurs when A) aggregate planned expenditure equals real GDP. B) disposable income equals real GDP. C) disposable income equals consumption expenditures plus imports. D) real GDP plus net taxes equals disposable income. E) real GDP minus net taxes equals disposable income. 22) Equilibrium expenditure is the level of aggregate expenditure at which A) aggregate production equals real GDP. B) aggregate actual […]

External link to Question : 41) Production possibilities frontiers usually curve out and away from : 1238965

Question : 41) Production possibilities frontiers usually curve out and away from : 1238965

  41) Production possibilities frontiers usually curve out and away from the origin. The implication is A) that as resources are used to produce one good, fewer resources are available to produce another good. B) that the opportunity cost of producing a good goes down as more of that good is produced. C) technological change is present. D) that the opportunity cost of producing a […]

External link to Question : 31. Pennington ProductsPennington Products has two product lines: R-100 and R-200. : 1291623

Question : 31. Pennington ProductsPennington Products has two product lines: R-100 and R-200. : 1291623

  31. Pennington ProductsPennington Products has two product lines: R-100 and R-200. Revenue and cost information for each of the product lines are as follows:    R-100   R-200 Selling price per unit $50   $70 Variable costs per unit 20   35         Traceable fixed expenses $275,000   $350,000         Pennington has common fixed expenses of $380,000 per year. […]

External link to Question : 71) In the Neoclassical growth model, whenever diminishing returns applies, : 1384433

Question : 71) In the Neoclassical growth model, whenever diminishing returns applies, : 1384433

  71) In the Neoclassical growth model, whenever diminishing returns applies, increases in the population, other things being equal, are accompanied by A) decreasing GDP and falling living standards. B) decreasing GDP and increasing living standards. C) increasing GDP and falling living standards. D) increasing GDP and constant living standards. E) increasing GDP and increasing living standards. 72) In the Neoclassical growth model, decreases in […]

External link to Question : 51) To achieve allocative efficiency, one must compare the A) marginal : 1239119

Question : 51) To achieve allocative efficiency, one must compare the A) marginal : 1239119

  51) To achieve allocative efficiency, one must compare the A) marginal cost of a good to its opportunity cost. B) opportunity cost to the attainable point on the production possibilities frontier. C) marginal benefit of a good to its marginal cost. D) marginal cost to the production efficiency cost. E) point of production efficiency to the point of allocative efficiency. 52) We allocate resources […]

External link to Question : 51) Real GDP $13 trillion and aggregate planned expenditure $14 : 1240561

Question : 51) Real GDP $13 trillion and aggregate planned expenditure $14 : 1240561

  51) Real GDP is $13 trillion and aggregate planned expenditure is $14 trillion. As a result, unplanned inventory change is ________ and real GDP ________. A) positive; decreases B) positive; increases C) negative; increases D) negative; decreases E) negative; does not change   52) When aggregate planned expenditure exceeds real GDP, A) firms increase production and real GDP increases. B) firms decrease production and […]

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