If expenditure by the government of a country increases, ________
A) the aggregate price level of the country will decrease
B) the country's expenditure on consumption will decrease
C) the unemployment rate in the country will increase
D) the gross domestic product of the country will increase
D
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Exhibit 14A-5 Macro AD-AS Model
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Economic growth is represented in Exhibit 14A-5 by:
A. leftward shift in the long-run aggregate supply curve (LRAS). B. inward shift of the production possibilities curve. C. rightward shift in the long-run aggregate supply curve (LRAS). D. movement along the long-run aggregate supply curve (LRAS).
What would the Herfindahl-Hirschman Index equal for an industry consisting of six firms with market shares of 40 percent, 30 percent, 20 percent, 5 percent, 3 percent, and 2 percent?
A. 0.95 B. 2.934 C. 2,938 D. 10,000