If aggregate output is below its equilibrium level ________
A) there is an excess demand for goods
B) actual output is below planned expenditure
C) firms will tend to replenish their low inventories driving output up toward equilibrium
D) all of the above
E) none of the above
D
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Yield on a bond refers to:
a. the coupon-rate of the bond. b. the money earned by selling a bond. c. the return from a bond after its maturity. d. the difference between the face value of a bond and the bond price. e. the annual return until the bond matures.
Which of the following is an example of a worker experiencing frictional unemployment?
A) A worker quits his job at the U.S. Post Office to find more interesting work. B) A computer programmer loses her job because it is outsourced to India. C) An employee is laid off because the economy is suffering a recession. D) A United Airlines pilot loses her job because of lack of demand for air travel.