When the economy is operating at the equilibrium level of? GDP, we know that
A) total planned real consumption expenditures equal real GDP.
B) planned real investment spending equals real net exports of zero.
C) total planned real expenditures equal real GDP.
D) real net exports equal inventory changes.
Answer: C) total planned real expenditures equal real GDP.
Economics
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In the short run, a firm cannot change its level of output
Indicate whether the statement is true or false
Economics
The Alcoa case:
A. supported the structuralist approach to antitrust. B. struck down the treble damages provision of the antitrust laws. C. called for federal regulation of any industry with a four-firm concentration ratio in excess of 50 percent. D. decision was consistent with a behavioralist approach.
Economics