In a free market for depletable natural resources, any shortage where there is an excess of quantity demanded over quantity supplied must be
a. expected as a matter of course.
b. due to a price floor.
c. the result of discovery of new deposits of the resources.
d. artificial.
d
Economics
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In the simplest Keynesian model of the determination of income, interest rates are assumed to be
A) exogenous and to gradually change. B) endogenous and to gradually change. C) exogenous and to remain constant. D) endogenous and to remain constant.
Economics
Which of the following government agencies estimates and compiles the U.S. GDP accounts?
A. The American Economic Association B. The Federal Reserve System C. The Bureau of Economic Analysis D. The Internal Revenue Service
Economics