What is the result when real planned saving exceeds real planned investment spending?
A) The economy is in equilibrium.
B) There is unplanned accumulation of business inventories.
C) There is unplanned depletion of business inventories.
D) Employment expands.
B
Economics
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The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of
A) the marginal product of labor. B) the division of labor. C) the average product of labor. D) the average cost of production.
Economics
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
Economics