If aggregate planned expenditure is greater than real GDP,
A) a planned decrease in inventories leads to a decrease in production.
B) a planned increase in inventories leads to an increase in production.
C) an unplanned decrease in inventories leads to an increase in production.
D) an unplanned decrease in inventories leads to an increase in the price level.
E) an unplanned increase in inventories leads to a decrease in production.
C
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Janae was fired from her job with Microsoft in the 2008-09 recession because Microsoft's sales dipped. Janae's unemployment would be best classified as
A) natural unemployment. B) cyclical unemployment. C) structural unemployment. D) sales-related unemployment. E) frictional unemployment.
The marginal benefit of a taco is measured by
A) the price of the taco. B) the amount of another good a person is willing to give up to get one more taco. C) the amount of another good a person must give up to get one more taco. D) a point on the PPF. E) the opportunity cost of producing another taco.