30% of the electric bulbs produced in a factory in Xenonia during a year were found to be defective and could not be sold. Which of the following is likely to happen in this case?
A) Xenonia's GDP will increase. B) Xenonia's trade surplus will increase.
C) Xenonia's GDP will remain unchanged. D) Xenonia's GDP will decrease.
Jane stitched a prom dress which she could have bought for $180 from a store.
C
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A change in any component of aggregate demand creates a larger change in overall aggregate demand. This is the ________ effect, and it means, for example, that a(n) ________ in consumption will cause an even larger ________ in AD
A) multiplier; increase; increase B) growth; increase; decrease C) multiplier; decrease; decrease D) liquidity; decrease; decrease E) liquidity; increase; increase
A technological improvement that lowers production costs for Good A will shift: a. the supply curve for A to the left
b. the demand curve for A to the left. c. the demand curve for A to the right. d. the supply curve for A to the right.