Suppose that inventory investment is $20 billion and (total) investment is $680 billion. What does purchases of newly produced capital goods equal?
A) $715 billion
B) $785 billion
C) $750 billion
D) $35 billion
E) There is not enough information to answer this question.
E
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How can the migration distance affect the cost–benefit evaluation of moving to another nation?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Higher price levels are associated with lower aggregate expenditure at every level of income. 2. The classical economists held that chronic unemployment was likely. 3. According to the classical economists, demand creates its own supply. 4. Keynes suggested that Say’s Law did not apply to a monetary economy because many individuals hold money as saving instead of spending it. 5. Keynes stated that equilibrium could exist at any level of employment or unemployment.