C + I + G + NX equals:
A. the output gap.
B. aggregate expenditure.
C. potential GDP.
D. the income-expenditure multiplier.
Answer: B
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The effect of a decrease in the price of personal computers, other things constant, is likely to be best represented by which of the following?
a. a leftward shift of the demand curve b. a movement leftward along the demand curve c. a rightward shift of the demand curve d. a movement rightward along the demand curve e. a rightward shift of the supply curve
Which one of the following persons would be considered unemployed?
A. a person not working who has given up searching for a job B. a part-time worker looking for a full-time job C. a construction worker who was laid off due to cold weather D. a full-time college student who is not a member of the labor force