In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:
a. unplanned inventory accumulation.
b. unplanned inventory depletion.
c. an increase in GDP.
d. an increase in employment.
a
Economics
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The________________is reached when marginal costs and marginal revenue are equal.
Fill in the blank(s) with the appropriate word(s).
Economics
What is one of the primary characteristics of perfectly competitive markets?
(A) They have relatively high barriers to entry. (B) They have relatively high start-up costs. (C) They are relatively efficient. (D) They are relatively inefficient.
Economics