As actual output falls below the potential level in the short run, which of the following is most likely to occur?
a. More resources will become unemployed.
b. The price level will increase
c. Real GDP will increase.
d. Nominal GDP will remain constant.
e. The natural rate of unemployment will fall.
a
Economics
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Which of the following would count as an investment expenditure in the GDP expenditures approach?
a. General Motors hires 10 electrical engineers. b. Boeing purchases a new metal stretching machine used to produce airplane wings. c. Ms. Quantum buys 100 shares of Microsoft stock. d. A large corporation spends $10,000 per month on long-distance phone charges.
Economics
Which of the following does not appear on the asset side of a bank's balance sheet?
a. Required reserves. b. Checkable deposits. c. Loans. d. Excess reserves.
Economics