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External link to Question : 51) Assume that emissions from electric utilities contribute to pollution : 1245102
Economics

Question : 51) Assume that emissions from electric utilities contribute to pollution : 1245102

    51) Assume that emissions from electric utilities contribute to pollution in the form of acid rain. Which of the following describes how this affects the market for electricity? A) The equilibrium in the market is not efficient; the marginal benefit from electricity is greater than the marginal social cost. B) A deadweight loss occurs; at equilibrium the additional social cost of production is […]

External link to Question : 91.U.S.GNP a.includesproductionofforeignersworkingintheU.S.andproductionofU.S.citizensworkinginforeigncountries. b.includesproductionofforeignersworkingintheU.S.butexcludesproductionofU.S. : 1261635
Economics

Question : 91.U.S.GNP a.includesproductionofforeignersworkingintheU.S.andproductionofU.S.citizensworkinginforeigncountries. b.includesproductionofforeignersworkingintheU.S.butexcludesproductionofU.S. : 1261635

  91.U.S.GNP a.includesproductionofforeignersworkingintheU.S.andproductionofU.S.citizensworkinginforeigncountries. b.includesproductionofforeignersworkingintheU.S.butexcludesproductionofU.S.citizensworkinginforeigncountries. c.excludesproductionofforeignersworkingintheU.S.butincludesproductionbyU.S.citizensworkinginforeigncountries. d.excludesproductionofforeignersworkingintheU.S.andproductionbyU.S.citizensworkinginforeigncountries. 92.HowdoesU.S.grossdomesticproduct(GDP)differfromU.S.grossnationalproduct(GNP)? a.GNP=GDP-lossesfromdepreciation b.GNP=GDP+incomeearnedbyU.S.citizensabroad-incomethatforeigncitizensearnedintheU.S. c.GNP=GDP+transferpaymentstohouseholds+-indirectsalestaxes d.GNP=GDP-depreciation-retainedearnings 93.IfforeigncitizensearnlessincomeintheU.S.thanU.S.citizensearninforeigncountries, a.U.S.netfactorpaymentsfromabroadarepositive,anditsGDPislargerthanitsGNP. b.U.S.netfactorpaymentsfromabroadarepositive,anditsGNPislargerthanitsGDP. c.U.S.netfactorpaymentsfromabroadarenegative,anditsGDPislargerthanitsGNP. d.U.S.netfactorpaymentsfromabroadarenegative,anditsGNPislargerthanitsGDP. 94.TheresidentsofIrelandearn$200millionofincomefromabroad.Residentsofothercountriesearn$300millioninIreland.Therefore,Ireland’s a.netfactorpaymentsfromabroadarepositive,anditsGDPislargerthanitsGNP. b.netfactorpaymentsfromabroadarepositive,anditsGNPislargerthanitsGDP. c.netfactorpaymentsfromabroadarenegative,anditsGDPislargerthanitsGNP. d.netfactorpaymentsfromabroadarenegative,anditsGNPislargerthanitsGDP. 95.TheresidentsofcountryAearn$500millionofincomefromabroad.Residentsofothercountriesearn$200millionincountryA.TheseearningsareaccountedforincountryA’s a.GNPwhichislargerthanGDPincountryA. b.GNPwhichissmallerthanGDPincountryA. c.GDPwhichislargerthanGNPincountryA. d.GDPwhichissmallerthanGNPincountryA. 96.Jackie,aCanadiancitizen,worksonlyintheUnitedStates.Thevalueoftheoutputsheproducesis a.includedinbothU.S.GDPandU.S.GNP. b.includedinU.S.GDP,butitisnotincludedinU.S.GNP. c.includedinU.S.GNP,butitisnotincludedinU.S.GDP. d.includedinneitherU.S.GDPnorU.S.GNP. 97.Thomas,aU.S.citizen,worksonlyinCanada.Thevalueoftheoutputheproducesis a.includedinbothU.S.GDPandU.S.GNP. b.includedinU.S.GDP,butitisnotincludedinU.S.GNP. c.includedinU.S.GNP,butitisnotincludedinU.S.GDP. d.includedinneitherU.S.GDPnorU.S.GNP. 98.AMexicanoilfieldservicecompanyworksonoilrigsintheU.S.Thevalueofthecompany’sservicesproducedbyMexicancitizensandtheequipmenttheyownisincludedin a.MexicanGNPandU.S.GNP. b.MexicanGDPandU.S.GNP. c.MexicanGNPandU.S.GDP. d.MexicanGDPandU.S.GDP. 99.Gina,aU.S.citizen,worksonlyinBermuda.ThevalueofGina’sproductionisincludedin a.U.S.GDPandBermudanGDP. b.U.S.GDPandBermudanGNP. c.U.S.GNPandBermudanGDP. d.U.S.GNPandBermudanGNP. 100.U.S.GDP a.includesproductionofforeignersworkingintheU.S.andproductionbyU.S.residentsworkinginforeigncountries. b.includesproductionofforeignersworkingintheU.S.butexcludesproductionbyU.S.residentsworkinginforeigncountries. c.excludesproductionofforeignersworkingintheU.S.butincludesproductionbyU.S.residentsworkinginforeigncountries. d.excludesproductionofforeignersworkingintheU.S.andproductionbyU.S.residentsworkinginforeigncountries.    

External link to Question : 17.2   Output and Price Decisions 1) For a monopolistically competitive firm, : 1226272
Economics

Question : 17.2   Output and Price Decisions 1) For a monopolistically competitive firm, : 1226272

  17.2   Output and Price Decisions   1) For a monopolistically competitive firm, the demand curve A) is a horizontal line. B) has a positive slope. C) is vertical. D) has a negative slope. E) is the same as the marginal revenue curve. 2) The marginal revenue curve facing a monopolistically competitive firm A) lies on its demand curve. B) lies above its demand curve. […]

External link to Question : 141.Kroger’sgrocerychainwantstofinancethepurchaseofanewwarehouse.Itdecidestosellbonds. a.Kroger’splanstouseequityfinancinganditsactionispartofthedemandforloanablefunds. b.Kroge : 1261822
Economics

Question : 141.Kroger’sgrocerychainwantstofinancethepurchaseofanewwarehouse.Itdecidestosellbonds. a.Kroger’splanstouseequityfinancinganditsactionispartofthedemandforloanablefunds. b.Kroge : 1261822

  141.Kroger’sgrocerychainwantstofinancethepurchaseofanewwarehouse.Itdecidestosellbonds. a.Kroger’splanstouseequityfinancinganditsactionispartofthedemandforloanablefunds. b.Kroger’splanstouseequityfinancinganditsactionispartofthesupplyofloanablefunds. c.Kroger’splanstousedebtfinancinganditsactionispartofthedemandforloanablefunds. d.Kroger’splanstousedebtfinancinganditsactionispartofthesupplyofloanablefunds. 142.Ifthedemandforloanablefundsshiftstotheright,theninitiallythereisa a.surplussotheinterestratewillfall. b.surplussotheinterestratewillrise. c.shortagesotheinterestratewillfall. d.shortagesotheinterestratewillrise. 143.Ifthesupplyofanddemandforloanablefundsbothshiftleft,whichofthefollowingnecessarilyhappens? a.theequilibriuminterestratefalls b.theequilibriuminterestraterises c.theequilibriumquantityofloanablefundsrises d.theequilibriumquantityofloanablefundsfalls 144.Ifthereisashortageinthemarketforloanablefunds,whathappenstodesiredsavinganddesiredinvestmentastheinterestratemovestoitsequilibriumvalue? a.desiredsavinganddesiredinvestmentbothfall b.desiredsavinganddesiredinvestmentbothrise c.desiredsavingfallsanddesiredinvestmentrises d.desiredsavingrisesanddesiredinvestmentfalls 145.Otherthingsthesame,theeffectsofanincreaseintransferpaymentsonthegovernment’sbudgetdeficitwillleadto a.greaterinvestment. b.ahigherinterestrate. c.higherpublicsaving. d.Alloftheabovearecorrect. 146.Otherthingsthesame,ifthegovernmentdecreasestransferpayments,then a.boththeinterestrateandtheequilibriumquantityofloanablefundsfall. b.boththeinterestrateandtheequilibriumquantityofloanablefundsrise. c.theinterestraterisesandtheequilibriumquantityofloanablefundsfalls. d.theinterestratefallsandtheequilibriumquantityofloanablefundsrises. 147.Supposeacountryhasalargerincreaseindebtin2014thanithadin2013.Thenotherthingsthesame, a.thesupplyofloanablefundsshiftsrightwardandtheinterestratefalls. b.thesupplyofloanablefundsshiftsleftwardandtheinterestraterises. c.thedemandforloanablefundsshiftsleftwardandtheinterestratefalls. d.thedemandforloanablefundsshiftsrightwardandtheinterestraterises. 148.Whichofthefollowingwouldshiftthedemandforloanablefundstotheright? a.incometaxincreases b.governmentexpendituresincrease c.theinterestratefalls d.Congressandthepresidentpassaninvestmenttaxcredit 149.Anincreaseinthequantityofloanablefundstradedmeansthat a.firmsareborrowinglessandinvestmentdecreases. b.firmsareborrowinglessandinvestmentincreases. c.firmsareborrowingmoreandinvestmentincreases. d.firmsareborrowingmoreandinvestmentdecreases. Figure26-5.Figure26-5showstheloanablefundsmarketforaclosedeconomy.   150.RefertoFigure26-5.StartingatpointA,theenactmentofaninvestmenttaxcreditwouldlikelycause a.thequantityofloanablefundstradedtoincreaseto$125andtheinterestratetoriseto7%(pointC). b.thequantityofloanablefundstradedtodecreaseto$75andtheinterestratetofallto5%(pointB). c.thequantityofloanablefundstradedtodecreaseto$75andtheinterestratetoriseto7%(pointE). d.thequantityofloanablefundstradedtoincreaseto$125andtheinterestratetofallto5%(pointD).    

External link to Question : 42) The figure above shows the production possibilities frontiers for : 1226379
Economics

Question : 42) The figure above shows the production possibilities frontiers for : 1226379

    42) The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat in France? A) 1/4 of a pound of fish B) 4 pounds of fish C) 1 pound of fish D) 100 pounds of fish E) 2 pounds of fish   43) The figure above shows the production possibilities […]

External link to Question : 21) Which of the following a microeconomic topic? i.Gas prices increase : 1226009
Economics

Question : 21) Which of the following a microeconomic topic? i.Gas prices increase : 1226009

    21) Which of the following is a microeconomic topic? i.Gas prices increase after a hurricane hits the gulf coast. ii.Xavier starts a new business designing web pages. iiiAbby decides to practice an extra hour of soccer instead of studying. A) i, ii and iii B) i only C) ii and iii D) ii only E) i and ii 22) Macroeconomics is the study […]

External link to Question : 108.The last department in a production process shows the following : 1311651
Economics

Question : 108.The last department in a production process shows the following : 1311651

  108.The last department in a production process shows the following information at the end of the period: Units Beginning Work in Process25,000 Started into Production200,000 Ending Work in Process50,000 How many units have been transferred out to finished goods during the period? a.200,000. b.225,000. c.250,000. d.175,000. 109.A process began the month with 3,000 units in the beginning work in process inventory and ended the […]

External link to Question : 111.Andecreaseintaxesshiftsaggregatedemand a.totheright.Thelargerthemultiplieris,thefartheritshifts. b.totheright.Thelargerthemultiplieris,thelessitshifts. c.totheleft.Thela : 1262216
Economics

Question : 111.Andecreaseintaxesshiftsaggregatedemand a.totheright.Thelargerthemultiplieris,thefartheritshifts. b.totheright.Thelargerthemultiplieris,thelessitshifts. c.totheleft.Thela : 1262216

  111.Andecreaseintaxesshiftsaggregatedemand a.totheright.Thelargerthemultiplieris,thefartheritshifts. b.totheright.Thelargerthemultiplieris,thelessitshifts. c.totheleft.Thelargerthemultiplieris,thefartheritshifts. d.totheleft.Thelargerthemultiplieris,thelessitshifts. 112.IfCongressincreasestaxestobalancethefederalbudget,thentopreventunemploymentandarecessiontheFedwill a.reduceinterestratesbyincreasingthemoneysupply. b.increaseinterestratesbydecreasingthemoneysupply. c.increaseinterestratesbyincreasingthemoneysupply. d.reduceinterestratesbydecreasingthemoneysupply. 113.Anincreaseingovernmentspendingshiftsaggregatedemand a.totheright.Thelargerthemultiplieris,thefartheritshifts. b.totheright.Thelargerthemultiplieris,thelessitshifts. c.totheleft.Thelargerthemultiplieris,thefartheritshifts. d.totheleft.Thelargerthemultiplieris,thelessitshifts. 114.Whengovernmentexpendituresincrease,theinterestrate a.increases,makingthechangeinaggregatedemandlarger. b.increases,makingthechangeinaggregatedemandsmaller c.decreases,makingthechangeinaggregatedemandlarger. d.decreases,makingthechangeinaggregatedemandsmaller. 115.Whentaxesincrease,theinterestrate a.increases,makingthechangeinaggregatedemandlarger. b.increases,makingthechangeinaggregatedemandsmaller c.decreases,makingthechangeinaggregatedemandlarger. d.decreases,makingthechangeinaggregatedemandsmaller. 116.In2009PresidentObamaandCongressincreasedgovernmentspending.Someeconomiststhoughtthisincreasewouldhavelittleeffectonoutput.Whichofthefollowingwouldmaketheeffectofanincreaseingovernmentexpendituresonaggregatedemandsmaller? a.theinterestratefallsandaggregatesupplyisrelativelyflat b.theinterestratefallsandaggregatesupplyisrelativelysteep c.theinterestraterisesandaggregatesupplyisrelativelyflat d.theinterestraterisesandaggregatesupplyisrelativelysteep 117.In2009PresidentObamaandCongressincreasedgovernmentspending.Someeconomiststhoughtthisincreasewouldhavelittleeffectonoutput.Whichofthefollowingwouldmaketheeffectofanincreaseingovernmentexpendituresonaggregatedemandsmaller? a.theMPCissmallandchangesintheinterestratehaveasmalleffectoninvestment b.theMPCissmallandchangesintheinterestratehavealargeeffectoninvestment c.theMPCislargeandchangesintheinterestratehaveasmalleffectoninvestment d.theMPCislargeandchangesintheinterestratehavealargeeffectoninvestment 118.Whichofthefollowingeffectsresultsfromthechangeintheinterestratecreatedbyanincreaseingovernmentspending? a.theinvestmentacceleratorandcrowdingout b.theinvestmentacceleratorbutnotcrowdingout c.crowdingoutbutnottheinvestmentaccelerator d.neithercrowdingoutnortheinvestmentaccelerator 119.Whichofthefollowingareeffectsofanincreaseingovernmentspendingfinancedbyataxincrease? a.thetaxincreasereducesconsumption;thechangeintheinterestratereducesresidentialconstruction b.thetaxincreasereducesconsumption;thechangeintheinterestrateraisesresidentialconstruction c.thetaxincreaseraisesconsumption;thechangeintheinterestratereducesresidentialconstruction d.thetaxincreaseraisesconsumption;thechangeintheinterestratereducesresidentialconstruction 120.Thereisanincreaseingovernmentexpendituresfinancedbytaxesanditsoverallshort-runeffectonoutputislargerthanthechangeingovernmentspending.Whichofthefollowingiscorrect? a.Bythemselves,boththechangeinoutputandthechangeintheinterestrateincreasedesiredinvestment. b.Bythemselves,boththechangeinoutputandthechangeintheinterestratedecreasedesiredinvestment. c.Byitself,thechangeinoutputincreasesdesiredinvestmentspendingandbyitselfthechangeintheinterestratedecreasesdesiredinvestmentspending. d.Byitself,thechangeinoutputdecreasesdesiredinvestmentspendingandbyitselfthechangeintheinterestrateincreasesdesiredinvestmentspending. 121.Thegovernmentincreasesbothitsexpendituresandtaxesby$400billion.Thereisnocrowdingoutandnoacceleratoreffect.Aggregatedemandshiftsby$400billion.Whichofthefollowingisconsistentwithhowfaraggregatedemandshifts? a.MPC=1/2,andtheeffectsoftheincreaseintaxesis1/2asstrongasthechangeingovernmentexpenditures. b.MPC=2/3,andtheeffectsoftheincreaseintaxesis2/3asstrongasthechangeingovernmentexpenditures c.MPC=3/4,andtheeffectsoftheincreaseintaxesis3/4asstrongasthechangeingovernmentexpenditures d.Alloftheabovearecorrect. 122.Assumethatthereisnoacceleratoraffect.TheMPC=3/4.Thegovernmentincreasesbothexpendituresandtaxesby$600.Theeffectoftaxesonaggregatedemandis3/4thesizeofthatcreatedbygovernmentexpendituresalone.Thecrowdingouteffectis1/5asstrongasthecombinedeffectofgovernmentexpendituresandtaxesonaggregatedemand.Howmuchdoesaggregatedemandshiftby? a.$1480 b.$480 c.$160 d.Noneoftheaboveiscorrect. 123.Assumethefollowing. a.b = 0 […]

External link to Question : 1. A budget for a single unit of a product or : 1295660
Economics

Question : 1. A budget for a single unit of a product or : 1295660

1. A budget for a single unit of a product or service is called a:  A. fixed cost. B. real cost. C. standard cost. D. full cost.   2. Which of the following statements regarding the standard cost for direct materials is true?  A. It would be used on a static budget but not a flexible budget. B. It would consist of two components – a standard quantity and a standard price. C. It […]

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July 1, 2023
    

 

41) If aggregate planned expenditures are less than real GDP, then

A) inventories increase above their planned levels and businesses decrease their production.

B) inventories decrease below their planned levels and businesses increase their production.

C) there is no equilibrium level of real GDP.

D) inventories increase above their planned levels and businesses increase their production.

E) unplanned inventory changes equal zero.

 

42) When real GDP exceeds aggregate planned expenditure

A) firms increase production.

B) real GDP increases.

C) an unplanned decrease in inventories occurs.

D) an unplanned increase in inventories occurs.

E) real GDP remains at its equilibrium.

 

43) When GDP = $2.5 trillion, C = $1.0 trillion, I = $0.6 trillion, G = $0.4 trillion, and NX = $0. Then

A) unplanned inventory change = $0.5 trillion.

B) aggregate planned expenditure = $2.5 trillion.

C) aggregate planned expenditure = $1.6 trillion.

D) unplanned inventory change = -$0.5 trillion.

E) equilibrium expenditure = $2.0 trillion.

 

44) Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion?

A) real GDP = $5.0 trillion and aggregate planned expenditures = $7.0 trillion

B) real GDP = $5.0 trillion and aggregate planned expenditures = $5.0 trillion

C) real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion

D) real GDP = $8.0 trillion and aggregate planned expenditures = $5.0 trillion

E) More information is needed about planned investment and actual investment.

45) Points where the aggregate expenditure (AE) curve lie above the 45° line are points where aggregate planned expenditure is

A) greater than real GDP.

B) less than real GDP.

C) equal to real GDP.

D) the inverse of real GDP.

E) not related to real GDP.

 

46) If aggregate planned expenditure is greater than GDP, then

A) inventory investment is smaller than planned.

B) inventory investment is larger than planned.

C) production is too high.

D) a recession will result.

E) the consumption function will shift downward to restore the equilibrium.

 

47) When aggregate planned expenditure exceeds real GDP,

A) firms decrease production.

B) real GDP decreases.

C) an unplanned decrease in inventories occurs.

D) an unplanned increase in inventories occurs.

E) real GDP remains at its equilibrium level.

48) If aggregate planned expenditure exceeds real GDP, then

A) unplanned inventory changes are positive.

B) unplanned inventory changes are negative.

C) aggregate planned expenditure must decrease to restore the equilibrium.

D) real GDP will decrease.

E) planned inventory changes must be negative.

 

49) When the AE line lies above the 45° line,

A) there are unplanned decreases in inventories.

B) aggregate planned expenditure is less than real GDP.

C) there are unplanned increases in inventories.

D) real GDP exceeds aggregate planned expenditure.

E) the price level is rising.

 

50) When aggregate planned expenditure exceeds real GDP, there are unplanned ________ in inventories, and firms ________ production, so that real GDP ________.

A) decreases; decrease; increases

B) increases; decrease; decreases

C) increases; increase; increases

D) decreases; increase; increases

E) decreases; decrease; decreases

 

 

 

default image
July 1, 2023
    

 

41) If aggregate planned expenditures are less than real GDP, then

A) inventories increase above their planned levels and businesses decrease their production.

B) inventories decrease below their planned levels and businesses increase their production.

C) there is no equilibrium level of real GDP.

D) inventories increase above their planned levels and businesses increase their production.

E) unplanned inventory changes equal zero.

 

42) When real GDP exceeds aggregate planned expenditure

A) firms increase production.

B) real GDP increases.

C) an unplanned decrease in inventories occurs.

D) an unplanned increase in inventories occurs.

E) real GDP remains at its equilibrium.

 

43) When GDP = $2.5 trillion, C = $1.0 trillion, I = $0.6 trillion, G = $0.4 trillion, and NX = $0. Then

A) unplanned inventory change = $0.5 trillion.

B) aggregate planned expenditure = $2.5 trillion.

C) aggregate planned expenditure = $1.6 trillion.

D) unplanned inventory change = -$0.5 trillion.

E) equilibrium expenditure = $2.0 trillion.

 

44) Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion?

A) real GDP = $5.0 trillion and aggregate planned expenditures = $7.0 trillion

B) real GDP = $5.0 trillion and aggregate planned expenditures = $5.0 trillion

C) real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion

D) real GDP = $8.0 trillion and aggregate planned expenditures = $5.0 trillion

E) More information is needed about planned investment and actual investment.

45) Points where the aggregate expenditure (AE) curve lie above the 45° line are points where aggregate planned expenditure is

A) greater than real GDP.

B) less than real GDP.

C) equal to real GDP.

D) the inverse of real GDP.

E) not related to real GDP.

 

46) If aggregate planned expenditure is greater than GDP, then

A) inventory investment is smaller than planned.

B) inventory investment is larger than planned.

C) production is too high.

D) a recession will result.

E) the consumption function will shift downward to restore the equilibrium.

 

47) When aggregate planned expenditure exceeds real GDP,

A) firms decrease production.

B) real GDP decreases.

C) an unplanned decrease in inventories occurs.

D) an unplanned increase in inventories occurs.

E) real GDP remains at its equilibrium level.

48) If aggregate planned expenditure exceeds real GDP, then

A) unplanned inventory changes are positive.

B) unplanned inventory changes are negative.

C) aggregate planned expenditure must decrease to restore the equilibrium.

D) real GDP will decrease.

E) planned inventory changes must be negative.

 

49) When the AE line lies above the 45° line,

A) there are unplanned decreases in inventories.

B) aggregate planned expenditure is less than real GDP.

C) there are unplanned increases in inventories.

D) real GDP exceeds aggregate planned expenditure.

E) the price level is rising.

 

50) When aggregate planned expenditure exceeds real GDP, there are unplanned ________ in inventories, and firms ________ production, so that real GDP ________.

A) decreases; decrease; increases

B) increases; decrease; decreases

C) increases; increase; increases

D) decreases; increase; increases

E) decreases; decrease; decreases

 

 

 

default image
July 1, 2023
    

 

41) If aggregate planned expenditures are less than real GDP, then

A) inventories increase above their planned levels and businesses decrease their production.

B) inventories decrease below their planned levels and businesses increase their production.

C) there is no equilibrium level of real GDP.

D) inventories increase above their planned levels and businesses increase their production.

E) unplanned inventory changes equal zero.

 

42) When real GDP exceeds aggregate planned expenditure

A) firms increase production.

B) real GDP increases.

C) an unplanned decrease in inventories occurs.

D) an unplanned increase in inventories occurs.

E) real GDP remains at its equilibrium.

 

43) When GDP = $2.5 trillion, C = $1.0 trillion, I = $0.6 trillion, G = $0.4 trillion, and NX = $0. Then

A) unplanned inventory change = $0.5 trillion.

B) aggregate planned expenditure = $2.5 trillion.

C) aggregate planned expenditure = $1.6 trillion.

D) unplanned inventory change = -$0.5 trillion.

E) equilibrium expenditure = $2.0 trillion.

 

44) Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion?

A) real GDP = $5.0 trillion and aggregate planned expenditures = $7.0 trillion

B) real GDP = $5.0 trillion and aggregate planned expenditures = $5.0 trillion

C) real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion

D) real GDP = $8.0 trillion and aggregate planned expenditures = $5.0 trillion

E) More information is needed about planned investment and actual investment.

45) Points where the aggregate expenditure (AE) curve lie above the 45° line are points where aggregate planned expenditure is

A) greater than real GDP.

B) less than real GDP.

C) equal to real GDP.

D) the inverse of real GDP.

E) not related to real GDP.

 

46) If aggregate planned expenditure is greater than GDP, then

A) inventory investment is smaller than planned.

B) inventory investment is larger than planned.

C) production is too high.

D) a recession will result.

E) the consumption function will shift downward to restore the equilibrium.

 

47) When aggregate planned expenditure exceeds real GDP,

A) firms decrease production.

B) real GDP decreases.

C) an unplanned decrease in inventories occurs.

D) an unplanned increase in inventories occurs.

E) real GDP remains at its equilibrium level.

48) If aggregate planned expenditure exceeds real GDP, then

A) unplanned inventory changes are positive.

B) unplanned inventory changes are negative.

C) aggregate planned expenditure must decrease to restore the equilibrium.

D) real GDP will decrease.

E) planned inventory changes must be negative.

 

49) When the AE line lies above the 45° line,

A) there are unplanned decreases in inventories.

B) aggregate planned expenditure is less than real GDP.

C) there are unplanned increases in inventories.

D) real GDP exceeds aggregate planned expenditure.

E) the price level is rising.

 

50) When aggregate planned expenditure exceeds real GDP, there are unplanned ________ in inventories, and firms ________ production, so that real GDP ________.

A) decreases; decrease; increases

B) increases; decrease; decreases

C) increases; increase; increases

D) decreases; increase; increases

E) decreases; decrease; decreases

 

 

 

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Essay (any type)
August 22, 2022
    

Made 100% on both the outline and the paper. Quick turnaround time and my writer responded within 30 min or less. Any edits my instructor needed, my writer was patient and worked diligently to accomplish the task. Would recommend my writer to anyone!

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Customer #14472
International Trade, 8 pages
Essay (any type)
August 5, 2021
    

You are making my life so much easier! I am a single mom that works and goes to school. You guys are helping me with my projects so I can have more free time with my son.

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customer #13832
Tourism, 3 pages
Annotated Bibliography
August 5, 2021
    

I was sure it can fit in a single page but the next time I will add one more page because I am impressed with your professionalism and quality. Will use many more times till I graduate.

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customer #12008
Management, 7 pages
Essay (any type)
August 5, 2021
    

Simple registration and quality services. I just ordered one paper, and it was good enough to pass the exam. That is what I need the most. Good job.

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customer #16257
Communication, 4 pages
Research Proposal
August 5, 2021
    

I couldn’t finish my freaking essay, and I was very desperate. A friend of mine sent me a link, and that is how I found out about you guys. Thank you for professional tips and editing. Now, I understand how to write it properly.

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customer #17128
Law, 5 pages
Reflection
August 5, 2021
    

I’m so grateful to you since you managed to complete my term paper in one day! You are definitely the best company ever!

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customer #16528
Public Relations, 7 pages
Essay (any type)
August 5, 2021
    

I am sure on your ability to provide any type of paper I will order. I wish I could develop that skill your writers have to be able to have a flow of ideas and excellent sequencing of thoughts in writing.

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customer #19552
Medicine, 5 pages
Coursework
August 5, 2021
    

I ordered a thesis paper and was satisfied. All the guys were polite and highly professional, even when I wrote to them several times per day. Thanks for your passion!

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customer #20376
Nursing, 6 pages
Discussion Essay
August 5, 2021
    

I turned to the service twice, and my papers always were beyond the expectations. To tell the truth, I was ready to find some grammar errors or something like that. However, everything was neat and tidy.

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customer #18529
Marketing, 1 page
August 5, 2021

My friend recommended Doctor My Essay to me. It is convenient! Now we both turn to the service periodically coz wanna save some time and use it more effectively. I know that while I’m developing my startup, an expert is working on paper. Time management in work!

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Research Paper
August 5, 2021
    

I write all paper works by myself but have some problems with literacy. Actually, I have enormous problems because English is not my native language. However, with proofreading from Doctor My Essay, I can relax and don’t be ashamed of mistakes.

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customer #12924
Business, 7 pages
Argumentative Essay
August 5, 2021
    

Your ability to write concisely is a finding. The paper has a solid argument. It’s clear that the writer understood central claim about the topic. He also presented original ideas to consider.

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customer #19304
Management, 3 pages
Coursework
August 5, 2021
    

That paper got the highest grade in my class and the professor thinks I’m the smartest student. Lol.

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customer #12387
Accounting, 6 pages
Essay (any type)
August 5, 2021
    

I was convinced that paper writing services are the fiction for naive students. But when it came to my research paper that was to be composed in 72 hours, I had no other options. I made the right choice when I ordered it from you!

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customer #12924
Ethics, 4 pages
Business Plan
August 5, 2021
    

I was also satisfied with the service. Usually, I write everything by myself, but this time ( I have no idea how it happens!) I missed the deadline. My writer was very responsible, wrote the essay quickly, and kept the instructions. Nice to know that such experts exist!

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customer #15677
Marketing, 10 pages
Annotated Bibliography
August 5, 2021
    

It is really affordable! The prices start from 9$, which is an excellent proposal on the market. Recently I worked with another service that took much more money and provided lower quality papers.

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customer #11234
Sociology, 9 pages
Research proposal
August 5, 2021
    

I am absolutely satisfied. I am first timer here. Revision was made quickly, and the author met my expectations. Thanks a lot. Paper is phenomenal.

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customer #15327
Economics, 5 pages
Essay (any type)
August 5, 2021
    

Having heard a lot of negative reviews about such services, I was a bit skeptical. However, our cooperation with Doctor My Essay was without pitfalls. I made two comments about the final work, and they re-wrote some parts very promptly. I am satisfied and will turn to them in the future.

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customer #17823
Human Resource Management, 2 pages
Research paper
August 5, 2021
    

It was my first experience in online ordering, and I was a bit nervous. However, this was for nothing. I’ve got a high mark!

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customer #12372
Public Relations, 3 pages
Dissertation
August 5, 2021
    

I understand that buying essays is a doubtful thing. You don’t put effort, don’t represent your ideas… However, I don’t perceive Doctor My Essay as a standard service. They don’t sell papers. They share high expertise!

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customer #12376
Journal article, 20 pages
Coursework
August 5, 2021
    

According to my previous experience, this service is really the best. They support the client and have competitive writers. I give them a perfect score!

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customer #19266
Political Science, 6 pages
Admission Essay
August 5, 2021
    

Nice service! It is cool that you can use the calculator on the main page and understand the price policy. For me, it is a huge plus!

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customer #11437
Tourism, 1 page
Discussion Essay
August 5, 2021
    

Thanks to God I found this service! If I didn’t send my research to the teacher on time, he would eat me. I tell you! However, with doctor my essay service, I met the deadline, and I am still alive.

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customer #12692
Philosophy, 5 pages
Report
August 5, 2021
    

Your service is excellent! Convenient and not expensive. Thanks for that!

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customer #10923
Psychology, 4 pages
Essay (any type)
August 5, 2021
    

If you have problems with time management, just like me, you need to cooperate with Doctor My Essay. Once you registered and made the order, you understand how easier it makes your life! Everything is online: ordering, communication… You can control the process everywhere and be sure that an expert will provide a high-level paper.

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customer #17823
Business, 8 pages

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

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Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

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Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

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