27. True or False: The greater the upward slope of the AS curve, the larger is the realized multiplier effect of a change in investment spending.34.
D. GDP deflated for increases in the price level. She then develops two possible entrepreneurial business opportunities. look for and pursue opportunities to increase their utility.
An examination of the incomes of Harvard Business School graduates. The purpose of the ceteris paribus assumption used in economic analysis is to:Focus on the effect of a single factor on a certain variable46. C. Olivia receives a tax refund of $500. Find out how you can intelligently organize your Flashcards.Cram has partnered with the National Tutoring Association
Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 13 percent.If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment?30.
True or False: The actual budget may be in deficit while the cyclically adjusted budget is in surplus.14. This quote is an example of: We can conclude that:The ZZZ Corporation issued $25 million in new common stock in 2008. If there are no statistical discrepancies, NDP (net domestic product) is: A. GDP minus taxes on production and imports. The GDP tends to: understate economic welfare because it does not take into account increases in leisure. If in some year gross investment was $120 billion and net investment was $65 billion, then in that year the country's capital stock:the same amount of tax revenue is collected at each level of GDP.households and businesses, but not government or international trade.6. There will be unplanned increases in inventories B. True or False: Within the circular flow model, the level of total resource income and total spending on output will be approximately equal.47. True or False: If spending exceeds output, real GDP will decline as firms cut back on production.14. Payments for cable and Internet services to homes 15. Business inventories increase when firms produce:A. The investment demand curve is drawn with the amount of investment on the:Horizontal axis and the expected rate of return and interest rate on the vertical axis44.
audio not yet available for this language What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year? 31. audio not yet available for this language In which industry or sector of the economy is output least likely to be affected by the business cycle?20. True or False: For an open mixed economy the equilibrium level of GDP is determined where Sa + Ig + X = T + G.7. 7. "Full employment" refers to the situation when there is:A.