When aggregate expenditure is greater than GDP, then there will be an:
A. Unplanned increase in inventories and GDP will increase
B. Unplanned decrease in inventories and GDP will increase
C. Unplanned increase in inventories and GDP will decrease
D. Unplanned decrease in inventories and GDP will decrease
B. Unplanned decrease in inventories and GDP will increase
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The efficient markets hypothesis says that beating the market consistently is
a. impossible. Many studies find that beating the market is, at best, extremely difficult. b. impossible. Many studies find that beating the market is relatively easy. c. relatively easy. Many studies find that beating the market is, at best, extremely difficult. d. relatively easy. Many studies find that beating the market is relatively easy.
Total revenue increases if price ________ and demand is ________.
A. falls; unit elastic B. rises; elastic C. falls; inelastic D. rises; inelastic