In a recessionary expenditure gap, the equilibrium level of real GDP is:
A. Less than planned aggregate expenditures
B. Greater than planned aggregate expenditures
C. Greater than full-employment GDP
D. Less than full-employment GDP
D. Less than full-employment GDP
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The Audubon Society currently allows three oil companies to extract natural gas on its Rainey Wildlife Sanctuary because
A) natural gas is more valuable than wildlife conservation. B) oil interests actually own the Audubon Society. C) the government required the leasing of natural gas rights under its power of eminent domain. D) the sanctuary must, by law, be used to promote the public interest. E) the sanctuary is the private property of the Audubon Society.
When we say investment in economics we are talking about:
A. stocks. B. physical capital. C. bonds. D. None of these are examples of investment in economics.