Assuming that C + I + G > C + Ir + G, then
a. aggregate demand exceeds than output.
b. unplanned inventories are negative.
c. there is an unintended inventory accumulation.
d. Both a and c
e. None of the above
D
Economics
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Isoquant lines represent ________ whereas isocost lines represent ________
A) technical efficiency; economic efficiency B) economic efficiency; technical efficiency C) economic efficiency; marginal costs D) input tradeoffs; economic tradeoffs
Economics
Sam's manufacturing plant recently decided to pay its workers 14% more than the current market wage for equivalent skills. Such a management decision can be due to
a. noncompetitive labor markets b. labor surpluses c. the need for better skills d. efficiency wages e. community desires
Economics