If planned aggregate expenditure is below potential GDP and planned aggregate expenditure equals GDP, then

According to your text, open market operations

A) can be a difficult and delicate task. B) are free from political pressures. C) are designed solely in the national interest. D) have failed to be effective ever since the U.S. has gone off the gold standard.

The concept of diversification is captured by the statement

A) don't look a gift horse in the mouth. B) don't put all your eggs in one basket. C) it never rains, but it pours. D) make hay while the sun shines.