U.S. imports and exports both fell during the first quarter of 2009. The value of these imports and exports would be reflected in the United States

Suppose a new technology allows firms to substitute mechanical tomato pickers for farm laborers. As a result, the demand curve for farm laborers will

A) become less elastic. B) become more elastic. C) shift to the right. D) not be affected.

When the real output of an economy is above its equilibrium output, _____

a. sales increase unexpectedly b. inventories begin to grow as output remains unchanged c. businesses will increase their level of production d. there will be a decrease in the stock of inventories