Which is NOT an example of an intermediate input?
A. A computer chip factory built in Arizona
B. Electricity used in a school
C. Toilet paper used in an office
D. A new chair for a restaurant dining room
Answer: A
Economics
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If aggregate expenditures are lower than real GDP:
A. actual real output is less than equilibrium real output. B. aggregate output increases. C. employment increases. D. there will be unplanned increases in inventories.
Economics
Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called
a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.
Economics