Many ecologists argue that several species of whales are close to extinction. If this is TRUE, the reason is
A) inadequate enforcement of international laws.
B) whales are a type of common property.
C) the marginal benefit of hunting and killing a whale is greater than zero.
D) whale-killing technology is too productive.
B
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Along an LM curve at higher interest rates there is __________ money demanded, so income must be higher to __________ the demand for transactions balances if the total demand for money is to equal the fixed supply
A) less; decrease B) less; increase C) more; decrease D) more; increase
Which of the following most completely describes the workings of the aggregate expenditures model?
a. If aggregate expenditures are less than aggregate output, then there is unplanned inventory accumulation, and real GDP will decrease. b. If aggregate expenditures are greater than aggregate output, then there is unplanned inventory depletion, and real GDP will increase. c. Aggregate output generates an equal amount of aggregate spending. d. Both a. and b. above are correct.