The level of GDP at which planned expenditure equals the amount of output produced is the
A) equilibrium output. B) potential output.
C) long-run output. D) autonomous output.
A
Economics
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Refer to Figure 14-3. How will Rainbow Writer respond to Odeon's two possible offers?
A) Rainbow Writer will accept either offer. B) Rainbow Writer will reject either offer. C) Rainbow Writer will only accept an offer of $30 per copy of the software package. D) Rainbow Writer will only accept an offer of $40 per copy of the software package.
Economics
Which of the following is correct?
a. A higher price level shifts money demand rightward. b. When money demand shifts rightward, the interest rate rises. c. A higher interest rate reduces the quantity of goods and services demanded. d. All of the above are correct.
Economics