A country reports that when real GDP is $13.0 trillion, aggregate planned expenditure is $14.0 trillion. When real GDP equals $13.0 trillion,
A) planned inventory changes by $1.0 trillion.
B) planned inventory changes by -$1.0 trillion.
C) both planned and unplanned inventory changes are -$1.0 trillion.
D) unplanned inventory changes by -$1.0 trillion.
E) unplanned inventory changes by $1.0 trillion.
D
Economics
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Assume the managers of the two major firms in an industry agree to set the price of their output at a fixed level so as to discourage new entrants into the market. This would be considered a violation of the:
A) Sherman Act of 1890. B) Clayton Act of 1914. C) Federal Trade Commission Act of 1914. D) Celler-Kefauver Act of 1950.
Economics
What is the difference between savings and investment?
What will be an ideal response?
Economics