The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. Unplanned inventory changes equal $50 billion when real GDP equals

In the classical model,

a. markets do not automatically clear. b. business demand for loanable fund exceeds business planned investment spending. c. business demand for loanable fund is equal to business planned investment spending. d. businesses engage in interest-free borrowing. e. the government's demand for funds is downward sloping.

Suppose that the U.S. imposed an import quota on beef. Sales of U.S. beef producers would

a. rise and exports of other industries would increase. b. rise and exports of other industries would decrease. c. not change, exports of other industries would increase. d. not change, exports of other industries would decrease.