Whenever total planned expenditures differ from real GDP
A) unplanned inventories will remain unchanged.
B) government spending will adjust.
C) tax revenues will move the economy back to equilibrium.
D) unplanned inventories will change.
D
Economics
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When a tariff supporter argues that foreign producers are selling their products for prices below the costs of production, which of the following is being used?
A) Save domestic jobs argument B) National security argument C) Dumping argument D) Infant-industry argument E) Diversity and stability argument
Economics
At the end of 2009, the national debt stood at 60 percent of GDP, substantially higher than its World War II level
a. True b. False
Economics