L. Frank Baum's classic 1900 children's book, The Wonderful Wizard of Oz, is
A) an allegorical rendition of the U.S. political struggle over silver.
B) an allegorical rendition of the U.S. political struggle over copper.
C) an allegorical rendition of the U.S. political struggle over both silver and gold.
D) an allegorical rendition of the U.S. political struggle over indebted farmers.
E) an allegorical rendition of the U.S. political struggle over gold.
E
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Suppose the economy is initially at equilibrium, in which total planned real expenditures equals real GDP. Which of the following will occur if there is an increase in autonomous investment?
A) Inventories will decrease immediately and production of goods and services will increase until real GDP catches up with total planned real expenditures. B) Inventories will increase immediately and production of goods and services will decrease until real GDP catches up with total planned real expenditures. C) Inventories will not change and production of goods and services will not change either. D) Both inventories and production of goods and services will increase.
One reason economies always experience some unemployment is job search
a. True b. False Indicate whether the statement is true or false